Dollar fall hits Kerry bonuses

THE fall in the value of the US dollar has hit Kerry Group executives in their pockets, with their annual pay and bonus packages falling by 7% to €3.7m.

Executive pay at Ireland’s other top companies has soared by between 15% and 48% in the same period

Kerry Group’s top five executive directors saw their combined pay package of salaries, performance related bonuses, benefits-in-kind and pension contributions fall to e3.715m in 2003 from €4.003m in 2002.