Kane gets €3.8m Eircom handshake
This is in sharp contrast to the fortunes lost by the 500,000 who bought into Eircom when it floated in July 1999. Most investors are down about 30% on their investments while Mr Kane received a golden handshake of €2,807,750 in pension contributions and a further €1,079,277 as compensation “for loss of office”.
Other directors such as former Labour Party leader Dick Spring have earned about €70,000 in payments for work linked to the takeover by the Anthony O’Reilly-led Valentia consortium.
