Excessive Wages in the Private Sector – Name and Shame Thread
In the interest of balance I’ve started this thread. I was tempted to start with the Bank CEO salaries but was confused – are they now state salaries?
Best I can suggest is Kelly Martin of Elan – see below.
CEO's pay rise shocking -- Elan shareholder - Irish, Business - Independent.ie
ELAN chief executive officer Kelly Martin's 25pc pay increase is "shocking" because the Irish drugmaker is losing money and the share price has dropped, a shareholder complained in a letter to the company's board.
Ib Sonderby, a Danish investor who owns two million shares, said there was a "massive disconnect" between pay and performance.
As of June 1, Martin's base annual salary rose 25pc to $1m (€778,000), and will drop to $750,000 in May 2012 when he becomes a company adviser until January 2013, according to an August 10 regulatory filing.