Markets

Ian Guider: Glanbia finance chief’s unusual bonus could lead to a bloody nose from investors

Executive pay is becoming an increasingly tricky area for firms even when the executives in question deserve the salary

Siobhan Talbot, who stepped down as group managing director at the beginning of this year, with Mark Garvey chief financial officer. Picture: Jason Clarke

In its near two-decades long transformation from selling milk and cheese in Irish supermarkets to becoming the protein shake of choice for gym rats across the world Glanbia hardly set a foot wrong with investors.

There’s been the odd bump along the road as its farmer-shareholders took control of its legacy businesses as part of that transition. Largely, though, it’s been a smooth path to the creation of the global powerhouse in nutrition that the ...