Shareholders grill Greencore executives

GREENCORE’S top brass got a grilling from disgruntled shareholders at yesterday’s AGM who questioned the poor share price performance and the level of financial rewards paid to the chairman and the chief executive.

On the way into the meeting at Jurys Hotel in Dublin, the directors were met by a picket of angry placard carrying Greencore pensioners upset at the erosion of their pension rights. Their placards suggested they were the victims of earlier bad investments in Imperial Holly and profit performance in recent years.

Once the meeting was thrown open shareholders questioned the outgoing chairman, Tony Barry, about his remuneration of €100,000 for his last year as chairman. And they wanted to know why the chief executive got a 20% increase last year.