Kerry Group executives deserved pay cut

AS ONE of the most performance driven group’s in any sector it probably should not come as a major shock that Kerry Group’s top four executives had their bonuses cut in 2006.

This follows from the profit warning at its annual general meeting last year, due to higher than expected energy costs and failure to recover rising costs by raising prices.

For a long time Kerry’s leading executives have been remunerated in part through bonuses for achieving their targets in any given year.