Semi-state salaries - Executives’ pay beyondour means

THERE have been suggestions that the recession is over, but it is very hard to find anyone in business or on the street who believes this, other than those who ridiculed the suggestion that we were heading for a crash in the first place.

Semi-state salaries - Executives’ pay beyondour means

Finance Minister Brian Lenihan promised last December that he would bring proposals to Cabinet to review pay arrangements for chief executives of semi-state companies “at an early date.” The promise was made in the midst of mounting anger over the mandatory 5% cut to the pay of the lowest-ranking civil servants, while the salaries of those in the highest-paid ranks of the semi-state sector were being left untouched.

The chief executives of the semi-state bodies were exempted from the public service pay-cuts, along with their estimated 42,000 workers, because those companies are supposed to operate on a commercial basis without Government interference. Their salaries are effectively funded through the company’s commercial basis and, therefore, supposedly do not have a direct impact on the public service pay bill.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

Revoiced

Newsletter

Sign up to the best reads of the week from irishexaminer.com selected just for you.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited