Thursday, April 25, 2013

€843,000 for Richie Boucher at Bank of Ireland. End this madness by supporting a bankrun.

Michael OLeary runs Europes biggest airline, Ryanair. Last year Ryanair made a profit of about €500 million. OLeary gets a salary of €768,000. Richie Boucher runs a tiny European bank, Bank of Ireland, last year it made a loss of €2 billion, yet Boucher gets a salary of €843,000.

Given the damage Bank of Ireland have done to our country, its little surprise the level of public outrage over this salary. However, we have been here before. Media and public outrage typically lasts for 24-48 hours, the fuss dies down and nothing changes. We wait for the Bank of Ireland AGM next year and the same process is repeated. Over and over again, nothing changes.

Its now clear that its time for us as citizens to stand up and force change. We can do this by moving money out of Bank of Ireland. This will hit them where it hurts, and they will change how the act when we take action. We will do this on 15th of May.

This is a simple process and we can use the Central Bank guidelines against Bank of Ireland. There are 4 steps to move your account.

1. Pick a new bank - Go there and get a "switching form"
2. Pick a switching date (15th May)
3. Complete the switching form
4. Switch

All of your direct debits will be automatically moved. 

Some people will tell you moving to a new bank in pointless as they are all the same. Yes, they are all the same, but we can keep moving from bank to bank to force them to change. 

There is more information on the National Consumer Agency website.

Tweet your support to #BOIbankrun and spread the word.

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3 comments:

  1. what do we want to move our money out of Bank Or Ireland.....

    they're working on paying us back and the only shower to do so

    http://www.rte.ie/news/business/2013/1204/490774-bank-of-ireland-to-begin-repayment-to-state/

    ReplyDelete
  2. And Sinn Fein are as culpable. I wrote to every member imploring them to make their manifesto a retreat from the EU and the Eurozone, which would win them a landslide election. Re-issue the Punt, and pay off all of our debts and re-tool and re-build the country - Free ourselves from he money-as-debt scam the IMF and Euro-overlords have us party to. Take back our waters and 100% of the fish in them - instead of the 20% the EU 'allows' us to take. Build processing plants near the ports and give the jobs to Irish people, make money from the value-added instead of sending the raw fish abroad. Not one member of SF wrote back to me - they're all in it together, and Michael Collins and Daniel O'Connell are turning in their graves at the sheep we've become.

    ReplyDelete
  3. And Sinn Fein are as culpable. I wrote to every member imploring them to make their manifesto a retreat from the EU and the Eurozone, which would win them a landslide election. Re-issue the Punt, and pay off all of our debts and re-tool and re-build the country - Free ourselves from he money-as-debt scam the IMF and Euro-overlords have us party to. Take back our waters and 100% of the fish in them - instead of the 20% the EU 'allows' us to take. Build processing plants near the ports and give the jobs to Irish people, make money from the value-added instead of sending the raw fish abroad. Not one member of SF wrote back to me - they're all in it together, and Michael Collins and Daniel O'Connell are turning in their graves at the sheep we've become.

    ReplyDelete