Monday 29 May 2017

Help is next door should Herr Mueller request it

TOM MOLLOY

AER Lingus chief executive Christoph Mueller has found a new home since moving from Brussels to Dublin late last year.

The German-born airline boss lives not far from the airport in Portmarnock, right next door to former Irish Distillers boss and ex-Bank of Ireland Governor Richard Burrows.

While Mr Mueller is unlikely to pop over for a cup of sugar, he may want to pick his neighbour's brains for a few pointers on how to thwart takeovers following the Irishman's successful defence of Irish Distillers back in 1988.

Mr Mueller may be calling sooner rather than later as the moratorium on Ryanair making a third bid for Aer Lingus expired this week.

Snow Patrol

THE Irish business community was conspicuous by its absence at this year's summit in Davos with just a few regulars such as Denis O'Brien, Goldman Sachs chairman Peter Sutherland and Sligo-born Niall FitzGerald of Thomson Reuters making their way to the Swiss resort to hobnob and reflect.

The only other Irish people in attendance were Concern's Tom Arnold, Kanchi Ireland's Caroline Casey and Archbishop Diarmuid Martin.

While the Irish have always been a little shy of the Alpine gab fest, this year's attendance was a far cry from the last few years when Brian Cowen, Charlie McCreevy, Brian Goggin and even Bono were among those airing their views.

Grey Panthers

WHILE we will soon learn who will chair the Government's half-hearted probe into what went wrong in the financial sector, there are other intriguing appointments coming down the line as the Central Bank begins a trawl of the great and the good to fill a new panel of risk advisers.

Sources at the bank say Patrick Honohan hopes the new recruits will resemble the so-called Grey Panthers over in the UK's Financial Services Authority.

The Panthers tend to be established industry figures who want to fulfil a public service role at the end of a successful career but who still have the bite to challenge senior industry figures who might otherwise be able to intimidate supervisors.

Is there anyone out there who fits that description in this country?

Irish Independent

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