Semi-state bosses get limited pay hikes
PAY hikes for the bosses of the country's largest semi-state organisations last year were less than increases in the profits at the firms. With all but the ESB left to publish its annual report and accounts for 2004, it appears most chief executives of semi-state firms are getting modest pay rises despite soaring profits at their companies.
The average salaries of the chief executives of the largest eight semi-state firms is difficult to calculate, given the upheaval in the boardrooms last year, but a study of the 2004 annual reports by the Irish Examiner show few received any major boost to their pay.
