Dublin 4 Car Crash Raises Public Sector CEO Salaries
Here’s a summary of the key information from the provided text:
State Company CEO Pay & Recruitment Issues:
* New salary Structure: In April, Jack chambers announced a banded salary structure for State commercial company CEOs, requiring boards to propose a pay point within those bands.
* Implementation Delays: Six months later, many State companies are frustrated by the slow implementation of this new system.
* Specific Cases:
* an post: Needs pay bands finalized to begin recruiting a replacement for current CEO David McRedmond (salary €250,000), who is leaving next autumn. Kieran Mulvey (an Post chairman) has urged the Department to expedite the process.
* Gas networks Ireland: Lost its CEO to EirGrid and requested a pay increase,but is still awaiting a decision.
* uisce Éireann: Requested a pay increase for CEO Niall Gleeson (salary €225,000).
* ESB: Submitted a salary proposal for CEO Paddy Hayes (salary €318,000) in April, but details are undisclosed.
* Bus Éireann: Submitted a “business case” regarding CEO salary for Stephen Kent (salary €286,000), currently under review.
* Galway Harbour Company: Requested a pay review for its CEO (salary €104,000),currently under review.
* LDA (Land Development Agency): Seeking a five-year contract extension for CEO John Coleman (would bring his total term to 12 years), but the Department of Public Expenditure and Reform (DPER) opposes this due to policy. A three-year contract offer is unsigned, and the LDA argues Coleman’s pay is significantly lower than comparable roles.
Broader Implications:
* The issue of pay extends beyond State-owned commercial companies and impacts other parts of the public sector.
* The text ends mid-sentence, referencing issues with the outgoing director general of the Environmental Protection Agency.
In essence, the article highlights a bottleneck in approving CEO pay and contract extensions within Irish State companies, despite a new framework being established months ago. This is causing recruitment difficulties and frustration among the companies involved.