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Eggs thrown at BOI executives during bank’s AGM

File photo of Gary Keogh, who threw eggs at BOI executives during today's AGM.
File photo of Gary Keogh, who threw eggs at BOI executives during today's AGM.
Image: James Horan/Photocall Ireland

A MAN WAS ejected from Bank of Ireland’s AGM in Dublin today after throwing eggs at two of the bank’s executives, chairman Pat Molloy and CEO Richie Boucher.

Dublin shareholder Gary Keogh, 67, who threw eggs at AIB’s former chairman Dermot Gleeson at the AIB AGM two years ago, said afterwards that throwing the eggs helped “bring his blood pressure down”, RTÉ reports.

BOI chairman Pat Molloy told shareholders at today’s meeting that the state’s sovereign debt crisis had caused withdrawals of deposits, but that the outflow from the bank had stabilised. Although conditions remain difficult for the bank, Molloy said that there were signs the economy has stabilised.

The Irish Times reports that BOI shareholders questioned where the €3.6bn raised from shareholders last year had gone. BOI’s shares have fallen by two-thirds of their value since the start of the year. TV3′s Brian O’Donovan tweeted that one BOI staff member told the AGM that she was embarrassed to hear that the bank’s top staff were getting bonuses.

The bank is worth less than one-25th of its peak value four years ago, according to BusinessWorld.

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Comments (32 Comments)

  • Mairtin Cathbhar 15/06/11 #
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    They have learnt nothing! “state’s sovereign debt crisis” me arse! You could at least say thank you tax payers for bailing us out. But no, the state is to blame for banks reckless practice.

    Reply
    • Tom Molloy 15/06/11 #
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      The learn nothing because they need never worry about facing personal consequences that are commensurate with the scale of their failures.

      The Old Boys Network that is responsible for the economic collapse also controls politics and the law. *Real* accountability is exercised in board rooms and private meetings, far from the gaze of the great unwashed. We have a veneer of democratic accountability in our electoral system. But in reality it is little more than a changing of the guard every few years.

      This is why we rely on the occasional pensioner or cement truck driver to provide us with some fleeting sense of the right thing being done.

  • John Manahan 15/06/11 #
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    It’s a pity it was eggs he threw and not grenades.

    Reply
  • Paddy O'Reilly 15/06/11 #
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    Terrorists like that should be locked up for assault.

    Reply
  • Barry 15/06/11 #
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    Quick, scramble the swat team!

    Reply
  • Sean 15/06/11 #
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    Were the eggs boiled or fried?

    Reply
  • Mad Gerald 15/06/11 #
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    He can afford eggs?

    Reply
  • Alison Hodnett 15/06/11 #
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    Does anybody else find it incredulous that the bank execs are still paying themselves bonuses when the value of shares have dropped by 66%?They should count themselves lucky that they weren’t lynched at the AGM.

    Reply
    • Danny D 15/06/11 #
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      in all fairness it’s us – through government we have chosen – who have no balls to say “no” to this practice…

    • Sue Anthony 15/06/11 #
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      O God I will get hanged for saying this LOL

      Should the bankers not have the moral decency to not pay themselves these bonuses, after all it is the tax payers money they are using, without permission – is this not yet another crime ?

      I know bankers and moral decency LOL

    • Danny D 16/06/11 #
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      @Sue: be realistic, if your boss came invited you to his office and said “we would like to give you €1.5m bonus. Hm.. but then again, maybe we shouldn’t, after all we haven’t make money this year, so all this will be coming from that huge €100 billion we got, and frankly we’re wasting that too… what do you think?” would you really say “ah no, fair enough, it’s taxpayer money?”. Probably not. You probably would think “this money goes down the drain anyway, million or two won’t matter to taxpayer, and can change my life…”

    • Sue Anthony 16/06/11 #
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      Sorry I have morals and ethics, yes, I would walk away. And Millions would not make me happier, fullfilled or anything else that I value in life. If, I won the lotto a certain chairty would benefit, pay off my mortgage and the rest would be gone to be put to good use. I don’t see anything that millions would do for me that I would want.

  • Report this comment

    Its called greed alison and they are so far up their own arses and obsessed with greed they dont care how others suffer once they get what they want

    Reply
  • Thomas Stadler 15/06/11 #
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    Once again, Ireland has to rely on a pensioner to act, while the vast majority of its young people, like down like beaten dogs. There is no pride or self respect in Ireland anymore.

    Reply
    • Frank McMahon 15/06/11 #
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      Your comments are relentlessly negative and generally misdirected at the common man which in a time of a confidence crisis is much too easy a target. Considering the overwhelming ‘Oirishness’ of all your ‘likes’ and fan pages on your facebook page youre a plastic Paddy through and through and probably not even from here. Youre a fan of Jim Corr, ’nuff said, opinion void.

    • Thomas Stadler 15/06/11 #
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      No born, bred and reared and still in Ireland. Young enough to have hope, not blind enough to see that we are being raped as a nation, not cynical enough to realize that if we get off our asses that we have a future.

      Pointing out unpalatable truths is not about negativity, you can only face up to them and overcome by being aware of your situation. A positive attitude is a wonderful thing, in that it helps you overcome great adversity. Blind foolishness is when you deny the seriousness of a situation and call that “optimistic”.

    • Frank McMahon 15/06/11 #
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      theres a difference between facing up to reality and commenting under every article that irish people are “weak”, “lazy” and “unconfident”. it gets you easy thumbs up cause theres so much self-loathing being bandied about. i happen to be and be surrounded by people who dont fit any of these adjectives.

    • Collie Woods 15/06/11 #
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      Go easy, if the young rise up they’ll be arrested and convicted. The politicians will brand them as anarchists for trying to claim back their country.

  • Paul McMahon 15/06/11 #
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    Thats eggactly what they deserve….

    Reply
  • Joanie Hutchinson 15/06/11 #
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    More more more……..Why is he photographed outside A.I.B.???? Am I missing something????

    Reply
    • Susan Ryan 15/06/11 #
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      Hi Joanie, the photograph was taken outside an AIB branch after Keogh threw eggs at AIB’s then-chairman during its AGM in 2009.

  • Stephen Byrne 15/06/11 #
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    I don’t understand why the shareholders can’t vote exec’s off of the board of the company. Is there no mechanism to do this?

    Reply
  • John 15/06/11 #
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    C’mon, he was only bringing a little eggcitement to the otherwise boring proceedings.
    Maybe the gesture was to symbolize the yolk of debt the country is burdened with.

    Reply
  • Victoria Hall 15/06/11 #
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    I hope they weren’t free range!

    Reply
  • Gordon Bernard 15/06/11 #
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    Yeah Joanie, leave aib out of this, they don’t deserve the bad press!

    Reply
  • Martin Sinnott 15/06/11 #
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    Pity he only had two eggs

    Reply
  • Ann Illing 15/06/11 #
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    Hope they were very rotten eggs……poetic justice then.

    Reply
  • Guinness Follower 15/06/11 #
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    Getting back to the actual story. Was this head-the-ball arrested?

    I’d say if he had hit Boucher, Boucher would have ran down and kicked 7 shades out of him in the South Afican styleeeeeeee!

    Reply
  • Joan Featherstone 15/06/11 #
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    Good on ya, the only group who have in any way demonstrated their opposition to all the shite goin on are the pensioners, I salute you! Should have got a dozen eggs, bulk buy is usually cheaper!!!

    Reply
  • Paul 15/06/11 #
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    Good man 240 Billion times

    Reply

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