Shelving semi-state pay review ‘wrong signal’, says FF TD

FINANCE Minister Brian Lenihan’s decision to shelve a review of semi-state bosses’ pay sends out “the wrong signal”, a Fianna Fáil TD has said.

Shelving semi-state pay review ‘wrong signal’, says FF TD

Michael McGrath, vice-chair of the Oireachtas Finance Committee, said chief executive pay in the commercial semi-state sector was “excessive” and needed to be cut.

He was responding to yesterday’s Irish Examiner report which revealed that Mr Lenihan had not proceeded with a promised review, despite the fact that some semi-state bosses enjoy packages worth €500,000 a year.

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