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No increase in pay for Fyffes chairman

FYFFES chairman David McCann's remuneration was unchanged last year, with his total pay packet coming to €927,000. Chief operating officer Coen Boss saw his compensation decline slightly to €613,000, while finance director Tom Murphy received a total of €497,000 during the year -- the same as 2010.

Total directors' remuneration topped the €3m mark, an increase of €315,000 on the previous year, mostly due to a short-term incentive scheme worth €355,000. Fyffes reported an 42pc increase in pre-tax profits last year to €12.5m.

Cussen gets DAA chief executive role

AIRLINES

The Dublin Airport Authority (DAA) has confirmed the appointment of Oliver Cussen as interim chief executive following the departure of Declan Collier.

Mr Collier has left to become CEO of London City Airport. Mr Cussen was previously deputy CEO of the DAA, which is currently seeking a new full-time chief executive.

Burger King set to relist on NYSE

FOOD

US-based fast-food giant Burger King will be relisted on the New York Stock Exchange (NYSE), once a 29pc stake sale is finalised. Private equity group 3G capital is to sell the stake for $1.4bn (€1.07bn) to UK-based Justice Holdings.

When the sale is complete, London stocks of Justice Holdings will be suspended and shares in Burger King will be floated on the NYSE.

McGarry takes up Irish Dairy Board job

APPOINTMENT

THE Irish Dairy Board (IDB) has appointed Fergal McGarry as global marketing and innovation director. Mr McGarry joins the IDB from Johnson & Johnson. Since he joined J&J in 1995, he has held a number of senior marketing and business roles in Ireland and abroad.

Prior to this, he was with Warner Lambert in Canada and Allied Irish Bank in Dublin. He holds a BBS from Dublin City University and an MBA from York University in Toronto, Canada.

Higher salaries for Wall Street staff

Remuneration

The majority of employees on Wall Street got higher salaries in 2011, according to a survey by eFinancialCareers.com. Biggest gains were made by boutique bankers and alternative asset managers, according to the survey of 2,860 financial professionals. It found that 54pc of workers' take-home pay increased, excluding bonuses.

"Historically it's always been about bonuses, and now we're seeing that salary is another tool that firms have," Constance Melrose, managing director of eFinancialCareers said. "The less variable component has become more important."

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