Investors revolt over CRH bonus hike plans

CRH yesterday faced one of the largest shareholder revolts over executive pay in Irish corporate history, with more than 40% of its shareholders — representing a combined €8.5bn of its €21.4bn market value — opposing a hike in bonuses at its AGM.

The resolution to boost CEO Albert Manifold’s bonus from 150% of salary to 225% and up a share plan from 250% of salary to 365%, was passed by 59% of shareholders and opposed by 41%.

The move could result in the CEO landing an annual bonus of over €8m.