Five Pierse directors paid €4.7m last year

THE five directors of Pierse Contracting, one of the largest building firms in the country, were paid €4.7 million last year.

Accounts just filed for Birmayne Limited, the holding company for the group, show the directors led by chairman Ged Pierse also banked €250,000 in dividends payments from the firm, bringing the total paid out to just under €5 million.

The directors of the company are listed as Mr Pierse; Norbert O’Reilly; Michael Flick; Ferghal O’Nolan; Brendan Sheridan and Martin Murphy. While directors’ pay rose in the year to the end of April 2004, the company saw a sharp dip in profits.