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Saturday 25 February 2017

McCreevy rakes in fees on top of pensions

Siobhan Creaton

FORMER EU commissioner and finance minister Charlie McCreevy -- the architect of decentralisation -- is now making a lucrative living as a company director.

His corporate earnings are over €130,000 a year and come on top of a slew of political pensions worth another €173,000.

His best-paid directorships are at the UK sports retailer Sports Direct and Ryanair.

He joined the board of Sports Direct earlier this year. According to its annual report, he will be paid £50,000 (€58,000) for his services.

Mr McCreevy joined the Ryanair board last year and was paid €40,000 in director's fees.

Director

He is also a director of the Irish operations of two international fund-management companies, BnY Mellon Clearing International and the Celsius Fund. Details of those earnings are not disclosed.

Mr McCreevy is also a director of the spread-betting group Worldspreads, where directors' earnings are between €20,000 and €30,000 a year. He is also a director of Sentenial Ltd, a business consultancy.

Mr McCreevy was not available for comment when the Irish Independent called to his home last night.

Irish Independent

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