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Le Gach Dea-Ghuí don Athbhliain December 31, 2017

Posted by WorldbyStorm in Uncategorized.
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…to everyone who comments, lurks, reads, helps or writes for the site. Somehow the site is entering its eleventh year and that’s down to input from all of you. Thanks a million – you know who you are and it’s always appreciated. Roll on 2018.

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1. Paddy Healy - December 31, 2017

Ath-Blian Faoi Shéan is Faoi Mhaise Dhaoibh Uilig!

In Grossly Unfair Ireland-Happy New Year!

Irish Super-Rich AWASH WITH MONEY and being Further Enriched by Government: DETAILS https://wp.me/pKzXa-n4

Top 10,000 have average income of €595,000+ per year (vast majority in private sector)

Almost 22,000 Irish People Have Incomes Between 200,000 Euro and 2 million Euro Per Year!!!-Minister for Finance.They All Got The Same Tax Relief as a Person earning 70,000 Euro per annum in the last two budgets
According to the Sunday Independent Rich List(April 2,2017), the estimated wealth of the country’s 300 richest people has increased by over €12bn to €100.03bn on last year’s numbers. The Richest 12 gained 6 billion of this.It was was a Tax Free Gain
TOP 10% of financial asset holders now have €35 billion above what they had at peak boom levels in 2006. (CSO)
3,334 Persons in the Private sector earn more than the current salary of top RTE earner Ryan-Tubridy on Euro 495,000?
PQ Reply By Minister For Finance Michael Noonan to Seamus Healy TD (These earnings have increased substantially since)
Summary (In 2013, After Budget 2012)
Between Euro €200,000 per year and over €2million per year Number of Income Recipients= 21,864
Top 10,000 have average income of €595,000 per year (vast majority in private sector)
Top 10,000 Total Income per year= €5.959Billion Average Income per year €595,900
Number earning over 0.5 million= 3,334
Number earning over €1 million=657
Number Earning over €2 million=120
SHOCK!! RTE MENTIONED THAT INDIVIDUALS EARN MILLIONS IN PRIVATE SECTOR FOR FIRST TIME IN YEARS!
RTE Commercial Director ,Willie O’Reilly, WAS DEFENDING THE SALARIES OF ITS TOP 10 BROADCASTERS

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Tomboktu - December 31, 2017

Eh, Paddy, you already said most of that in the comments on another post the other day.

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Paddy Healy - December 31, 2017

Sorry, I hadforgotten. Thanks for drawing my attention to your helpful and informative comment. I had missed it

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2. Tawdy - December 31, 2017

To all, may the year ahead hold less disappointments and more scandals.

Happy new year.

Liked by 1 person

WorldbyStorm - January 1, 2018

That’s a great way of putting it. Thanks to you Tawdy.

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3. Paddy Healy - December 31, 2017

Will the Irish Rich Gain Again in 2018? April 2, 2018 will tell the tale!!
I havehad a number of requests for the Irish Rich List
These are numbers 9 to 15 on the Irish Rich List . Figure in Brackets is for April 2016 -1 year earlier. Denis O’Brien is No 4-but his net worth has decreased.                                      JP McManus Finance €2bn(€1.85bn )
Dermot Desmond Finance €1.8bn(€1.56bn)
Martin Naughton Industry €1.6bn(€1.5bn)
Paul Coulson Industry €1.5bn(€840m))
Shane Smith Technology €1.41bn(€700m))
Ellis Short Finance €1.1bn(€1.05bn)
Michael O’Leary Transport €1.1bn(€1.08bn)
Full List https://richlist.independent.ie/
These are Tax Free Gains
For Example, Paul Coulson, CEO of Ardagh Packaging, has had an increase in his personal fortune of 660 million in 1 year! Ardagh has an office in Dublin but the vast majority of its employees work outside Ireland

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CL - December 31, 2017

DEVELOPER Bernard McNamara put together a consortium, including the Dublin Docklands Development Authority, to pay a staggering €412m for the site, which was mostly controlled by Ardagh….
It is estimated that Ardagh received about €273m from the proceeds of the sale….
Anglo Irish Bank supplied a loan of €288m to buy the site and it was one of the highest-profile loans to be transferred to Nama.
In 2012, the site was valued at just €45m.”
https://www.independent.ie/business/irish/the-9bn-man-paul-coulson-of-ardaghs-latest-deal-confirms-his-place-at-the-top-of-irish-business-34659508.html

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Paddy Healy - December 31, 2017

Thanks for That! Poor Michael O’Leary only gained 30 million. He must feel deprived!!! Ardagh Packaging CEO, Paul Coulson gained 660 million in same year!!!

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CL - December 31, 2017

“Mulcahy displayed an impeccable sense of timing when he led the team that advised South Wharf plc in selling the Irish Glass Bottle site in Ringsend, Dublin 4, for a record €412 million in 2006; the site is now worth a fraction of this sum.”
https://www.irishtimes.com/news/nama-s-numbers-man-1.732574

“‘THERE is no conflict of interest arising,” declared Finance Minister Michael Noonan in the Dail on Thursday, issuing his final word on John Mulcahy’s appointment to the board of private property pension fund IPUT.
Mr Mulcahy, until recently the head of asset management at Nama, raised eyebrows around the country this week as news broke that he is joining the board of IPUT – the largest growing property pension fund in the country. He takes on the new role just six months after leaving Nama, where he dealt with some of the country’s choicest property assets.”
https://www.independent.ie/business/irish/gamekeeper-john-mulcahy-turns-poacher-in-his-new-role-30373360.html

“Glenveagh Properties is being backed by Oaktree, a massive US private equity fund which has assets of more than $100 billion (€84 billion) under management.
Oaktree, along with other similar types of investors interested in Ireland, has been periodically described as a ‘vulture fund’
It has been at the centre of controversy in several parts of the country for evicting tenants after taking over loans from Nama-indebted developers….
John Mulcahy, previously the head of asset management at state ‘bad bank’ Nama, is also joining Glenveagh and is expected to serve as the company’s chairman.”
https://fora.ie/oaktree-new-housebuilder-ireland-3572602-Aug2017/

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Alibaba - December 31, 2017

Whatever about the super rich, and those rightly put down here, there are also other individuals robbing us blind, apparently with impunity.

Take, for instance, the problems of governance and overspending issues in the University of Limerick and other third-level institutions. Despite RTE revelations and PAC enquiries, it would seem that nothing of substance has changed. The rotten treatment of whistleblowers in these cases is telling. It shows us that despite their legal protection, it counts for zilch when it comes to subsequent quality of working life.

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4. Lamentreat - January 1, 2018

Happy New Year to all, especially to WBS and the others who keep this site going.

Liked by 2 people

WorldbyStorm - January 1, 2018

Thank you for your input over the year – lamentreat – always welcome, to put it mildly.

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5. GW - January 1, 2018

Happy New Year to everyone.

I was tempted to say that it can’t be worse than last year, but that is indeed tempting fate!

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WorldbyStorm - January 1, 2018

🙂

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