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IOMSPC - Jobs for the good old boys


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5 hours ago, Banker said:

The jobs were advertised widely so anyone could apply , bill Shimmins has a good CV eg ex MD Iom Bank, northern bank, treasury etc so ideal candidate and will help control financial side 

Thanks Bill.

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10 hours ago, Non-Believer said:

Bill Shimmins appointment, in respect of his backgrounds, confirms SPCo as a revenue-raising operation for IoMG, IMHO.

Why? The position was advertised as looking for someone with financial expertise to help the finance team as well as normal directors duties, what’s that got to do with revenue raising.

Do you know the main reason for trading companies is to raise revenue to cover costs & make a profit for shareholders?

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6 minutes ago, Banker said:

Why? The position was advertised as looking for someone with financial expertise to help the finance team as well as normal directors duties, what’s that got to do with revenue raising.

Do you know the main reason for trading companies is to raise revenue to cover costs & make a profit for shareholders?

IMG_1611.thumb.jpeg.139e61c54a10826623506971c8900844.jpeg

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1 minute ago, Banker said:

Why? The position was advertised as looking for someone with financial expertise to help the finance team as well as normal directors duties, what’s that got to do with revenue raising.

Do you know the main reason for trading companies is to raise revenue to cover costs & make a profit for shareholders?

No shit Bill? You don't think it's a coincidence that Govt would put on the Board of a publicly Govt-owned operation an ex-banker and ex-Govt Treasury member?

Just the qualifications needed when a cash-hungry Govt is looking to milk what was previously a very profitable private company, a man with both private sector banking experience and who knows the needs and wants of Treasury.

Perhaps overlooking of course that it's a public service lifeline for the island.

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Posted (edited)

Whatever his qualifications, it's still valid to question if him being an ex-MHK helped his selection to Govt company???

Not that we'll ever know!!!

Always thought he was a good MHK.

Edited by Kopek
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41 minutes ago, Banker said:

Why? The position was advertised as looking for someone with financial expertise to help the finance team as well as normal directors duties, what’s that got to do with revenue raising.

Do you know the main reason for trading companies is to raise revenue to cover costs & make a profit for shareholders?

Perhaps Google the reason for a public service.

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14 hours ago, Maugholdmafia said:

 Also by my knowledge he was a very competent MHK.

This quote tells you all about the depths to which our political system has sunk, that this nodding dog who, as far as I can remember, didn't even try to achieve anything, let alone manage anything, is remembered as a competent politician.

He basically stole a living for 5 years, and presumably is so fondly remembered for not having any particularly high profile fuck ups to his name.

You'll be calling for a statue of Stu ( is he still alive) Peters next!

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49 minutes ago, A fool and his money..... said:

This quote tells you all about the depths to which our political system has sunk, that this nodding dog who, as far as I can remember, didn't even try to achieve anything, let alone manage anything, is remembered as a competent politician.

He basically stole a living for 5 years, and presumably is so fondly remembered for not having any particularly high profile fuck ups to his name.

You'll be calling for a statue of Stu ( is he still alive) Peters next!

Well he organized the £400m bond at a rate of 1.7% which looks pretty good compared to rates now & led the steam packet purchase but you’ve obviously got a personal grudge. Didn’t he sort out your dog shit complaint?

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6 minutes ago, Banker said:

Well he organized the £400m bond at a rate of 1.7% which looks pretty good compared to rates now & led the steam packet purchase but you’ve obviously got a personal grudge. Didn’t he sort out your dog shit complaint?

He didn't lead the political call to purchase the racket, merely the nuts and bolts of the massively inflated price we paid for it.

If that's all he did in five years it's lucky for him he wasn't on the lump.

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The SPCo is a publicly Govt-owned company; one that we are repeatedly told is an "arms-length from Govt" operation.

So onto the Board of the above, we will plonk a man who just happens to be an ex-MHK and Treasury member to boot.

What a remarkable appointment for an arm's length operation.

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