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13/05/2009
AIB Chief Left 'With Egg On His Face'
The boss of the AIB has been pelted with eggs after a meeting to reassure shareholders.
On Wednesday, hundreds of angry shareholders attended the meeting, where they were promised by a soon-to-be egg-spattered Dermot Gleeson that the bank would receive money from the Irish government to strengthen its finances.
However, he was forced to duck and avoid the missiles after addressing the Extraordinary General Meeting at its Dublin HQ.
AIB Chairman, Mr Gleeson, said the bank apologised to shareholders at the meeting for "the anxiety and distress" they had suffered from the collapsing share price and the cessation of dividends.
Mr Gleeson, who announced last month that he would be retiring in July along with several other members of the board, said the bank believed the momentum in world economies, including Ireland, would "continue for some time, and would slow gently, rather than abruptly".
The egg-throwing shareholder was escorted from the meeting by AIB security staff. He identified himself as Gary Keogh, a 66-year-old retired man from Blackrock in Co Dublin.
Mr Keogh said his pension income had been wiped out by the collapse in bank shares. He had invested in a number of banks but his shareholding in AIB ruined him financially.
(DW/BMcC)
On Wednesday, hundreds of angry shareholders attended the meeting, where they were promised by a soon-to-be egg-spattered Dermot Gleeson that the bank would receive money from the Irish government to strengthen its finances.
However, he was forced to duck and avoid the missiles after addressing the Extraordinary General Meeting at its Dublin HQ.
AIB Chairman, Mr Gleeson, said the bank apologised to shareholders at the meeting for "the anxiety and distress" they had suffered from the collapsing share price and the cessation of dividends.
Mr Gleeson, who announced last month that he would be retiring in July along with several other members of the board, said the bank believed the momentum in world economies, including Ireland, would "continue for some time, and would slow gently, rather than abruptly".
The egg-throwing shareholder was escorted from the meeting by AIB security staff. He identified himself as Gary Keogh, a 66-year-old retired man from Blackrock in Co Dublin.
Mr Keogh said his pension income had been wiped out by the collapse in bank shares. He had invested in a number of banks but his shareholding in AIB ruined him financially.
(DW/BMcC)
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