Eircom chief paid €5.6m in past year
Dr Nolan, who joined Eircom early in 2002, was paid a basic salary of €707,000, but a performance bonus of €2.8 million and a signing-on fee of €1.65 million brought his total pay to €5.6m, making him the highest paid executive of a public company in Ireland.
The annual report, for the year to end March 2004, said the bonus payments were made to compensate Dr Nolan for leading the reorganisation and refinancing the group prior to its flotation earlier this year.
