Thursday 23 November 2017

Top bosses to earn less

MORE than two-thirds of the chief executives of Ireland's biggest companies say they will be paid less this year.

Just over 67 per cent indicated that their remuneration would not be higher than last year, with more than 24.7 per cent expecting to be paid the same amount as in 2009.

Last year's poll found that 80 per cent of respondents would take a pay cut.

More than 8 per cent -- or one in every 12 bosses -- said that they would receive a pay hike this year.

This may be on the back of our findings that more than 38 per cent of companies expected to see profits grow this year, representing the most bullish forecasts for two years.

Last week it emerged that Myles Lee, chief executive of CRH, Ireland's largest publicly quoted company, saw his pay more than double to €2.46m after his promotion from chief financial officer at the start of last year.

Sunday Independent

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