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The banker pay cap, which was partially lifted this week, was politically popular. But it was a bad idea. Bankers should be paid the going rate because limiting pay makes banks less valuable, less efficient, and no less likely to blow up.
The pet care division of the US food multinational Mars spent €40m acquiring Irish veterinary practices last year. Meanwhile, Cerberus is using Ireland to acquire large amounts of distressed debt in Spain, while a privacy campaigner has issued proceedings against LinkedIn.
Like the gambling addict he surely was, Sean Quinn kept going as the Anglo share price dipped, he doubled down, chasing his losses, and eventually lost everything. Compulsive gamblers often bet on pursuits they know nothing about.
The investors brought along by David McCourt since he won the National Broadband Plan contract are forming a new company to commercialise related technology and turn the team who developed it into a permanent “centre of excellence”. Strict procurement rules apply.
New information from multiple subsidiaries of the two digital advertising giants in Ireland reveal how they operate in the post-double Irish world and how ready they are to take on the industry slump.
Back when the Central Bank was trying to stimulate the economy, it spent more than a hundred billion buying government bonds. Now that rates are going up, it finds itself paying interest on that spending. The bill will not be small.
Four months after the High Court appointed an inspector to WFS Forestry, non-cooperation has been the order of the day. Following a money trail to the UK and Spain, Declan de Lacy is seeking court orders to track down the company's assets.
Joe Schull is a former Warburg Pincus dealmaker who wants to redefine private equity. He talks about his investment philosophy and why his fund, Corten Capital, has bought a majority stake in Ekco, and where the Irish firm plans to go next.
Constant hiring by technology firms has just turned into a wave of job cuts. Stephen Kinsella and Thomas Hubert discuss what this means for Ireland – and what the country should do about it.
Ireland may be about to lose out on a land grab. We are in the middle of an intellectual property gold rush. Will our failure to join the creation of a new patent system bring that gold rush to an end?
Control over the economy and the markets has always been a lie that we’ve sold ourselves but the one thing we can control is how we adapt. Right now, we should be looking for the many opportunities in the burning trash can of the markets.
For Argentina, taking back the Falklands proved a bloody fiasco. For the UK, taking back control is proving an economic calamity. For Ireland, the loudening clamour for a Border Poll risks unknown upheaval to no practical benefit.
Before the publication of the catalogue Bungalow Bliss in 1971, the options for housing in rural Ireland consisted of inheritance, getting a place on the housing list and emigration. Fergal Lenehan talks to the author of a new book on the phenomenon.
In the short term, it might make sense for FBD to bid for Liberty Insurance’s Irish business. Longer term, however, the government needs to reimagine the Irish insurance sector.
Now that the bubble has burst, we look back in astonishment at sums investors were willing to sink into risky, money-losing projects. But the logic of superstar firms says they were right to take the risk.
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