Sean Quinn (1 Viewer)

[egg_]

Does anyone else find the big-upping of Sean Quinn by every fucker in Cavan utterly sickening?

Taking subservient ass-kissing to a new level

 

[Moods For Mallards]

It's a fair cop, egg_.
I suppose it's the product of terrible worries at the moemnt. Are they like this all the time?

 

[ann post]

i talked with someone who deals with him regular through work, and apparently he must be a real nice guy because when you mention anything to do with the reality of his dealings they start talking about what nice man he is and not to be mean about him. its weird.

 

[JohnnyRaz]

its understandable - he brought a lot of employment to the area, and thusly became a local hero. also having a good grasp of the man of the people malarky is a good attribute for business in this country.
however, the willful unawareness of some of the heads interviewed of the fact that he, and he alone made a bags of everything is a bit much..

 

[Raudi Raus Schinkel]

If he hadn't been such a gambler they wouldn't be in this shit now. There are many expressions of interest. Maybe they can still salvage the jobs.

A lad I know married his daughter, you should have seen the wedding, was like a rich Russian wedding gone mad. They flew off in a helicopter at the end on honeymoon.

 

[IFF]

pretty much, he gambled the insurance business on anglo irish bank and he's being made to pay the price

he also risked all those people's jobs on anglo irish and they still think he's wonderful? I guess that'd be the same for most places in ireland. we can get very defensive if a local person has done bad stuff i.e. tipperary with michael lowry

 

[ann post]

i've been afraid to read about any of this stuff on boards for months, whats been going over there about sean quinn, nama etc??

 

[Unicron]

I think part of the concern locally is that if somebody comes in to buy the insurance group, especially when it comes to an international buyer, will they want to base their operation in Cavan?

It's mad though, we as a nation are in deep shit due to years of little or no regulation and a new guy comes in, actually does some regulating, and people start to complain.

 

[ann post]

maybe he's in the ra and everyones scared to fuck about badmouthin him.

 

[7 - No tomorrow]

Does anyone else find the big-upping of Sean Quinn by every fucker in Cavan utterly sickening?

Taking subservient ass-kissing to a new level

Yeah, it's slightly bizarre.
It's pretty much all his fault but he's also their only hope.

 

[jay69]

It's mad though, we as a nation are in deep shit due to years of little or no regulation and a new guy comes in, actually does some regulating, and people start to complain.

spot on

 

[HMD]

Didn't every member if his family get millions from the quin group last year?

 

[IFF]

Didn't every member if his family get millions from the quin group last year?

yes you are right http://www.irishtimes.com/newspaper/frontpage/2009/1102/1224257903340.html

the company paid €200 million to his 5 children

in 2008 accounts according to the above article, it also wrote off loans of €762million to family members

 

[HMD]

The employees should be after the quin familys blood. What the fuck is wrong with these people.

 

[ann post]

how do you write off 762 million? HMD, loan me 762 million, then write it off. it'll be like nothing ever happened.

 

[Scientician 0.8]

maybe he's in the ra and everyones scared to fuck about badmouthin him.

I just checked with Cormcolash, he's not.

 

[ann post]

as a rule of thumb, anyone who says their not in the ra is definitley in the ra.

 

[IFF]

how do you write off 762 million? HMD, loan me 762 million, then write it off. it'll be like nothing ever happened.

there are tax disadvantages to doing so

with related party loans which this is, they have had to pay 25% of the amount to the revenue when the loan was made and then this money is reclaimable when the loan is repaid (it also cannot be reclaimed on a director's loan if it is over 10 years old)

but as the loan was written off and not repaid, the 25% paid to revenue is therefore cannot be reclaimed by quinn as the loan cannot be repaid

but then again, i wonder if the €762million could be claimed against corporation tax. i'll annoy someone at work about it tomorrow

the reason being that it was written off was probably that the auditors thought that it's not collectible and by holding it at €762 in the accounts, it has a material affect on them.

 

[Mozza]

I live in "Quinn Country"......and the "Quinners" here make me sick......Sean quinn is renowned around here for his gambling exploits..how he ran his first tile factory on a shoestring budjet, how he overcame the odds against the Big National Players...CRH, Overpriced Irish Insurers etc etc...
How he done it all and no one else "Done it"...or could do it ...in essence he took the people of an impoverished "Border Midlands and West" economic scene and bled them dry...through Grants from Thatcher, Haughey, Middle Eastern low interest loans and and many more besides........Plus the many behind "the scene operators" who pullled the strings
yes fair play to him he gave jobs...but the system is at fault ...he had been reported to the Monopolies and Mergers commision in the UK a long time ago .....His glass factory threatened the Jobs of Hundreds of people in Merseyside when it opened. what have we got here in Nama land Oirochtas Commitees and Tribunals.....Goldmines for Accountants and Solicitors to bleed the national war chest. The Local Mirth and babble has been going on here for years about what a "cute hoor" business man Sean Quinn is ( Lucinda Creighton watch out !) Some of Sean Quinns business practices were very shady in the beggining of his career. And are little remembered...since the early days he has done business in a shall we say unorthodox way... many, many, times. Lets face it he can and will do so.....because Ireland, in general has a lack of tough corporate legislation and enforecement of that particular law. The Brits put us to shame here as regards to standards in Corporate life. Yet so many Paddy Murphy Irish men revel in there sly greedy ways. be wary of Fine Gael they may be another version of Fianna Tail. Can The Irish people get it together and vote for a Part Politic of moral substance. I Dream that Labour are that Ticket....but lest face it too much power for too long corrupts all leaders in the end. Fianna Fail being the longest reigning regime in this country for so long. Its no fucking wonder the country is dying on its feet !

 

[ann post]

i heard he's a really nice guy.