What was FitzPatrick's €87M used for?
With any luck he bought Anglo shares and he is now left with a pile of worthless paper and a whopping great loan to pay back...
What was FitzPatrick's €87M used for?
The minister said the investigation uncovered details of FitzPatrick’s hidden loan, which then came into the public domain on Thursday evening. FitzPatrick has invested in a number of ventures, including an oil well in Nigeria and a casino in Macau.
i'd guess he used those shares as collatoral against the 87m loan...
one things for sure is his stock options aint worth what they used be...
it was reported that all directors loans were on standard commercial terms. Whether this applied to his loans is not clear...
With any luck he bought Anglo shares and he is now left with a pile of worthless paper and a whopping great loan to pay back...
What Sean Fitzpatrick did was wrong.
But it is in everyone's interest that he has sufficient assets to dispose of to repay the €87m.
You don't see any contradictions in your post?I agree. What he did was wrong but im sure hes not feeling the happiest person in the world at the moment.
Why do the Irish love to see successful business people get into trouble?? Its a truely dreadful trait we have. Fitzpatrick is a highly successful business person who set up a fantastic business in Anglo. They set it up from nothing and in the face of massive competition from the likes of the imcumbent aib and boi etc.
Anglo is an entrepreneurs bank and has led to some very successful achievements for Irish business people.
If anglo dies it will be a very very disappointing, worrying and disturbing day for Ireland.
I agree. What he did was wrong but im sure hes not feeling the happiest person in the world at the moment.
Why do the Irish love to see successful business people get into trouble?? Its a truely dreadful trait we have. Fitzpatrick is a highly successful business person who set up a fantastic business in Anglo. They set it up from nothing and in the face of massive competition from the likes of the imcumbent aib and boi etc.
Anglo is an entrepreneurs bank and has led to some very successful achievements for Irish business people.
If anglo dies it will be a very very disappointing, worrying and disturbing day for Ireland.
What he did was wrong but im sure hes not feeling the happiest person in the world at the moment.
I'm not quite sure that Irish people like to see their heros fall ......... providing they have not been hoisted up on the plinth by a false premise. Now, 'a sucessful business man' in my book would be a person that built up or carried on a legal enterprise. Otherwise some notable taxi-drivers, airport operators, TDs et al could also be considered as 'successful business people', when what they did was rob banks, fence stolen property and not pay their legal debts. So surely the word 'successful' should be used in tandem with 'legal'. As for the famous Irish begrudgery? It's only when our idols get a bit uppity!I agree. What he did was wrong but im sure hes not feeling the happiest person in the world at the moment.
Why do the Irish love to see successful business people get into trouble?? Its a truely dreadful trait we have. Fitzpatrick is a highly successful business person who set up a fantastic business in Anglo. They set it up from nothing and in the face of massive competition from the likes of the imcumbent aib and boi etc.
Anglo is an entrepreneurs bank and has led to some very successful achievements for Irish business people.
If anglo dies it will be a very very disappointing, worrying and disturbing day for Ireland.
Why do the Irish love to see successful business people get into trouble?? Its a truely dreadful trait we have. Fitzpatrick is a highly successful business person who set up a fantastic business in Anglo. They set it up from nothing and in the face of massive competition from the likes of the imcumbent aib and boi etc.
Anglo is an entrepreneurs bank and has led to some very successful achievements for Irish business people.
If anglo dies it will be a very very disappointing, worrying and disturbing day for Ireland.
Smiley, speaking of contradictions your reference to fitzpatrick as " a highly successful business person who set up a fantastic business in Anglo" has to be right up there. Ask an Anglo shareholder who lost 95% plus last year, or ask yourself why a successful business needs a bailout??
Couldnt agree more.. I think its time to wake up Smiley
Smiley - after losing your shirt in Anglo you want to sing the praises of the guy who caused it - and it's alright - 'because you are diversified'
Fair play to you....
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