It was the aggressively arrogant tone that I found most amusing. Gordon Geckos as far as the eye could see.
Nope, he would have paid for probably half of them, but in a tax efficient manner (which means fuck all when the value falls to zero obviously). Also, those that he didn’t pay for, he would have had the option of taking cash equivalent so there would have been an opportunity cost (again if the cash was taken then it would have been taxed).
Nobody gets shares for nothing
Ffs sake. He didn’t fork out the full whack for them. I can’t remember the details of his post except I too was taken by the Gordon Gheko nature of it. In fact it conjured up images of The Million Dollar Man Ted Di Biase rubbing hundred dollar bills in his hand.
FFS. Even if he paid half their face value he’s still down at least 1000%.
[quote=“Fagan ODowd, post: 430744”]
Nobody gets shares for nothing[/quote]
The only free cheese is in a mouse trap
Originally posted by dancarter:
great post outcastyour not the guy whos going to get stung though becuase youv taken the long term view, guys in it for a quick buck will get hammeredI have some AIB stock built up over 4 years working with them, phenomenal performance (helped that they were tax free) and reinvested the dividends oh the joy of compunding!!Irish banks in general are a good place to start for a novice investor, most people can easily grasp the concept of there business, transparency is pretty good, a lot of information available, regular dividends etc etc etc
:lol: :lol:
transparency is pretty good
:lol:
Wow. Naievety is mortifying. That was 07 I’d say. Would have turned 4 years of modest tax free bonuses into a decent sum by that stage. Glad the fact hat I lost my life savings has cheered ye up anyways.
I’d love to tell ye I took my medicine and sold em when they hit 15 euro, unfortunately not. Hadn’t worked for AIB in three years at that point and was still blinded by my experience there, I worked in an area where we never did prop deals and always was and remains profitable. The fox was in the henhouse elsewhere big time though.
A salutary lesson for me. Was lucky I was still young. Lot of older guys I worked with are ruined
Correct. All staff in AIB could forego their cash bonus and take the equivalent sum in shares. Everyone did it because a 3 k bonus was worth half it when taxed, or take full amount in stock.
No surprise that Certus have been retained to manage the AIB staff loan book. 5bn I think
My certus manager told me just last Friday that they have 50 staff now working in aib
Dan taking it like a man here. Fair play Dan.
Anyway you’re young enough not to have to worry too much about losing your life savings. And like all of us who got scalded on the stock market you’ll have learnt a valuable lesson that’ll last you a lifetime.
There is no good time to lose a few pounds but if it does happen your 20’s is the time to do it. Like Fagan said, you’ll learn the lesson of a lifetime.
I hope the quick finger you got from Mary Jane Rotten Crotch in the bank vault was worth it Dan. Look at the mess you are in now!
Good on Carter for holding his hand up and admitting he was wrong…
Dan Carter = Brendan O’Connor?
I thought the best thing about the shares thread was to see how right the oft maligned Nomad turned out to be.
I see your man Cahill has a thread up saying he is on the way out due struggling with illness… It also coincides with the absence of SS here.