Web Summit firm builds cash pile to €2.5m in 2014

The cash pile at the group of companies behind the Web Summit more than doubled to €2.5m in 2014.

That is according to new accounts just filed which show the three directors behind the Summit — Paddy Cosgrave, Daire Hickey and David Kelly — shared combined pay of €288,814 in 2014, representing a drop on the €368,283 paid out in 2013.

Mr Cosgrove was involved in a high-profile row with Government last year over the Web Summit in Dublin and the group moving the event to Lisbon.