This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/northern_ireland/8047657.stm
The article has changed 3 times. There is an RSS feed of changes available.
Version 1 | Version 2 |
---|---|
Top Irish banker pelted with eggs | Top Irish banker pelted with eggs |
(10 minutes later) | |
One of Ireland's top bankers was pelted with eggs on Wednesday as hundreds of angry shareholders attended a meeting. | One of Ireland's top bankers was pelted with eggs on Wednesday as hundreds of angry shareholders attended a meeting. |
Dermot Gleeson, chairman of Allied Irish, ducked to avoid the missiles after addressing an extraordinary general meeting at its Dublin HQ. | Dermot Gleeson, chairman of Allied Irish, ducked to avoid the missiles after addressing an extraordinary general meeting at its Dublin HQ. |
Pensioner Gary Keogh said he felt compelled to throw the eggs after Mr Gleeson tried to speak over another shareholder. | Pensioner Gary Keogh said he felt compelled to throw the eggs after Mr Gleeson tried to speak over another shareholder. |
Mr Keogh, from Blackrock in south Dublin, was removed from the building. | Mr Keogh, from Blackrock in south Dublin, was removed from the building. |
He said he was extremely angry after losing his pension in the economic downturn. | He said he was extremely angry after losing his pension in the economic downturn. |
"The whole board should be replaced by Mickey Mouse and Donald Duck," he added. | "The whole board should be replaced by Mickey Mouse and Donald Duck," he added. |
"I have no pension. My pension now is wiped out because of AIB. I cannot sell the shares because they are useless. | "I have no pension. My pension now is wiped out because of AIB. I cannot sell the shares because they are useless. |
"If we didn't live in a tolerant society, the chairman and the rest of the board would be hanging by their necks with piano wire out on the road." | "If we didn't live in a tolerant society, the chairman and the rest of the board would be hanging by their necks with piano wire out on the road." |
If we didn't live in a tolerant society, the chairman and the rest of the board would be hanging by their necks with piano wire out on the road. AIB shareholder, Gary Keogh | If we didn't live in a tolerant society, the chairman and the rest of the board would be hanging by their necks with piano wire out on the road. AIB shareholder, Gary Keogh |
Meanwhile, inside, an unsettled Mr Gleeson stood in front of a blue AIB logo spattered with egg and continued to take questions from shareholders. | Meanwhile, inside, an unsettled Mr Gleeson stood in front of a blue AIB logo spattered with egg and continued to take questions from shareholders. |
He apologised to shareholders for "the anxiety and distress" they had suffered from the collapsing share price and the cessation of dividends. | He apologised to shareholders for "the anxiety and distress" they had suffered from the collapsing share price and the cessation of dividends. |
The bank had called the meeting to seek shareholder approval for a 3.5bn euro government recapitalisation plan. It received overwhelming backing. | The bank had called the meeting to seek shareholder approval for a 3.5bn euro government recapitalisation plan. It received overwhelming backing. |
In exchange for the capital injection from the taxpayer, the State will get an 8% annual dividend and a 25% share in the bank. | In exchange for the capital injection from the taxpayer, the State will get an 8% annual dividend and a 25% share in the bank. |
The investment was approved by the European Commission due to AIB's importance to the Irish economy. | The investment was approved by the European Commission due to AIB's importance to the Irish economy. |
The past 12 months have been disastrous for the bank, which has lost 91% of its share value amid the crisis in the financial system. | The past 12 months have been disastrous for the bank, which has lost 91% of its share value amid the crisis in the financial system. |
The bank's management had for months claimed it didn't need any government help, but they were forced into a humiliating climb-down in April when evidence mounted that in-house estimates for defaulting loans were hopelessly optimistic. | The bank's management had for months claimed it didn't need any government help, but they were forced into a humiliating climb-down in April when evidence mounted that in-house estimates for defaulting loans were hopelessly optimistic. |
Mr Gleeson will stand down in July. | Mr Gleeson will stand down in July. |