Semi-state company director pay 'not an issue for me', says ESB boss

The chief executive of ESB has today defended his pay package, which is almost double that of Taoiseach Enda Kenny's earnings.

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."

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