Do you have any idea of how difficult it is to fix PTSB or AIB for that matter?
Do you have any idea of the demand for such people worldwide?
Do you have any idea of how difficult it is to find someone who would be prepared to do that job in Ireland for any price?
Do you have any idea of how difficult it would be to tempt someone suitable from overseas to work in Ireland?
If Jeremy Masding can fix PTSB, I for one, would not remotely grudge him a very high salary.
If he can't fix PTSB and we need to pay €5m a year to someone who can fix it, then I would not grudge that either.
The idea that you can get someone for €100,000 a year to move to Ireland at their own expense to solve our problems for us is [ posting guidelines constrain me from finishing this sentence...]
So we should tell potential applicants for the job that their pension should be compromised to fund the existing deficit in the fund?
Brendan,
Ill try to deal with your questions one by one. Im no financial whizz kid but an an ordinary PAYE worker I am putting my slant on it.
Do you have any idea of how difficult it is to fix PTSB or AIB for that matter?
No I dont. But in this environment every job is difficult. Be that a CEO, junior manager or employee.
I have no problem with the basic salary. I certainly do with the add on's.
Do you have any idea of the demand for such people worldwide?
I don't. But he applied for the job so he should locate here if he so wishes and do it with the salary he is being paid.
Do you have any idea of how difficult it is to find someone who would be prepared to do that job in Ireland for any price?
No I don't. But the only reason someone at his level wouldn't do it for less is because the level of renumeration for the executive class is so far off the scale compared to the standard of living of the rest of the country.
Do you have any idea of how difficult it is to find someone who would be prepared to do that job in Ireland for any price?
As I understand it there were quite a lot of CVs submitted for the job.
If Jeremy Masding can fix PTSB, I for one, would not remotely grudge him a very high salary.
Nor would I. Lets say he fails. Will he hand back the money he was paid? I dont think so. Why is he getting this large salary, plus add on's before he has fixed the issues?
To my mind if he fails he wins and if he succeeds he wins. Surely that is wrong? A simple google search of Jeremy Masding will give you an insight into his banking career. He has hardly set the world alight.
If he can't fix PTSB and we need to pay €5m a year to someone who can fix it, then I would not grudge that either.
So you would expect the Irish taxpayer to pay €5 million a year to someone who you
think can? Why not pay then €5 million after they save it?
Or why should it be deemed necessary to save at all. Its not a pillar bank, they are lending to no one. Sell off the loan book and deposit book and stop it being a drain on taxpayers.
The idea that you can get someone for €100,000 a year to move to Ireland at their own expense to solve our problems for us is [ posting guidelines constrain me from finishing this sentence...]
Like I say.. I dont have a problem with his €400,000 salary. I do with his €60,000 pension contribution and his €57,000 relocation fee.
So we should tell potential applicants for the job that their pension should be compromised to fund the existing deficit in the fund?
No, He should get the same percentage pension contribution as all the other staff in the organisation.