Denis O’Brien Appoints Brian Cowan to Second Directorship
By Admin D
It is reported today that former Taoiseach Brian Cowan has been appointed to the Board of the privately owned Beacon Hospital by 75% owner Denis O’Brien.
Cowan, who also served as Minister for Finance under Bertie Ahern, was last year made a director of another of O’Brien’s recent distressed purchases Topaz. This brings back into public focus the old spectre of rewards for political favour.
The general public reading these developments would be forgiven for equating these maneuvers with golden circle deals from previous administrations, especially when they know O’Brien acquired many of his recent businesses with considerable write offs of debt through NAMA and the publicly owned banks to which they owed money. Total debt write offs for his purchases of newspapers, water services companies, health services and fuel suppliers etc amount to around half a billion euros according to news reports.
It is also interesting that during the previous Fianna Fail governments in which Cowan served we witnessed an acceleration in health care provision moving from the public system into private hands, and now Brian, like his former colleague and Health Minister Mary Harney, appear to be beneficiaries of that policy.
We cannot say for sure what the intentions were behind any of this but it is our duty to ask questions when things look wrong. Many questions need to be answered and perhaps an investigation by the Standards in Public office Commission into conflicts of interest and mutually beneficial policy decisions made by members of the previous FF government.
Former Taoiseach Brian Cowen joins board of Beacon Hospital
FORMER Taoiseach Brian Cowen has been appointed non-executive director on the board of the Beacon Hospital.
It is understood Mr Cowen, who served as Taoiseach in the early years of the financial crisis and oversaw the country’s entry into the EU/IMF bailout programme, was approached to take on the position by businessman Denis O’Brien.