IL&P boss pay package jumps to €1.025m
The annual report of Irish Life & Permanent (IL&P) shows its executive directors received a 7.7% pay rise in 2004. This is modest when compared to the 21% pay package rise AIB’s executive directors received in 2004 and far less than the 27% rise CRH bosses received. Ordinary workers enjoyed a 3% increase in wages in 2004 under Sustaining Progress.
Mr Went’s pay package of €1.025m comprised his basic salary of €680,000 (2003: €630,000), annual bonus €299,000 (€278,000), benefit-in-kind ie company car €25,000 (€18,000) other remuneration (employee profit share) €17,000 (€13,000).
