Friday 20 April 2018

The redemption of Richie

Richie Boucher
Richie Boucher
Brendan O'Connor

Brendan O'Connor

You'd have to say that Bank Of Ireland boss Richie Boucher is worth every penny of his huge salary. The one thing you need to have, to be in charge of a bank these days, is balls of steel, and Boucher certainly demonstrated those at the Banking Inquiry last week.

We have become used to the empty theatre that is the Banking Inquiry by now. The routine is roughly this: The kinds of calm, soothing, alpha, manly types who get to be heads of banks trot in. They beat their chests and say what happened was terrible and that yes, they lent too much money, but they were only doing what everyone was doing.

They hint that they feel terrible about everything. And then off they trot, penance done, free to go back to their lavish retirements, or the next chapter they have carved out for themselves. The kind of lavish retirements and next chapters that a whole generation of us in this country will never enjoy, partially thanks to those smooth bankers. And the inquiry's only finding against them will be, 'tut tut, isn't it terrible'.

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