Cairn’s Stan­ley tops pay ta­ble with €22m

Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE - Gavin Mclough­lin

CAIRN Homes boss Michael Stan­ley has top­pled CRH boss Al­bert Man­i­fold as the best-paid chief ex­ec­u­tive of an ISEQ20 PLC.

Stan­ley topped the charts in this year’s edi­tion of the Sun­day In­de­pen­dent pay ta­ble, boosted by a pri­vate-eq­uity-style founder share scheme which made up the vast bulk of his €22.73m pack­age.

Man­i­fold (€8.7m), who was top for the last two years in a row, is in fourth be­hind Kingspan boss Gene Murtagh (€12.41m) and for­mer Paddy Power Bet­fair chief Breon Cor­co­ran (€10.73m).

In fifth is Ir­ish Con­ti­nen­tal Group’s long-serv­ing chief ex­ec­u­tive Ea­monn Roth­well (€8.39m).

The fig­ures here are cal- cu­lated from in­for­ma­tion made avail­able by ISEQ20 com­pa­nies in an­nual re­ports.

They are cal­cu­lated be­fore tax and cover each com­pany’s 2017 fi­nan­cial year — not in all cases the 2017 cal­en­dar year.

Re­mu­ner­a­tion pack­ages, as bro­ken down by the com­pany, were added to shares or share op­tions that be­came un­con­di­tional en­ti­tle­ments of the chief ex­ec­u­tive dur­ing the year.

Pa­per prof­its, made from turn­ing share op­tions into ac­tual shares, were included also.

Ex­ec­u­tive pay has made head­lines re­cently af­ter Fi­nance Min­is­ter Paschal Donohoe blocked plans for a bonus share scheme for AIB ex­ec­u­tives.

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