Executive salaries - Performance must match soaring pay

BELEAGUERED taxpayers can be forgiven for feeling aggrieved over the substantial wage and bonus increases enjoyed by semi-State bosses despite their companies under-performing.

Doubtless, they will echo the concerns voiced by Communications Minister Dermot Ahern, who is adamant that other companies in the State sector should not repeat the mistakes of An Post.

The jobs of 1,500 postal workers are on the line following shock revelations that outgoing manager John Hynes was paid €343,000, including a €27,000 bonus while the group suffered losses of €50 million.