IL&P chief’s salary rises to €1m

DAVID WENT, the chief executive of Irish Life & Permanent, earned close to €1 million last year, according to its annual report for 2003.

IL&P chief’s salary rises to €1m

Mr Went’s basic salary rose by 11% last year to €630,000 with his annual bonus rising from €223,000 to €278,000. When other perks and benefits are included the 57-year-old chief executive earned €946,000, up 15% on what he was paid in 2002.

However, Mr Went’s salary is relatively low compared to other financial institutions. His counterpart at AIB, Michael Buckley, earned €1.4m last year, while Michael Fingleton, the head of the Irish Nationwide Building Society, a much smaller institution was paid €1.2m.

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