The chief executive of ESB has today defended his pay package, which is almost double that of Taoiseach Enda Kenny's earnings.
Speaking after a business lunch in Dublin, Padraig McManus said that his overall pay package has nearly halved since 2009 when he took home €750,000.
Mr McManus says he took a voluntary cut and currently takes home an annual sum of close to €400,000.
He says ESB is currently looking to reduce costs by €280m a year, half of which is to be achieved by staff pay cuts.
He would not be drawn on whether it was appropriate for a chief executive of a semi-state company to earn more than the Taoiseach.
"Are they appropriate - well, people are going to have to decide that," he said.
"It's not an issue for me, the Department of Finance sets my terms and conditions and I sign. They offer and I sign. It's not appropriate for me to be commenting on what the Taoiseach should earn."