Last week’s disclosure that two private equity shareholders paid Gary McGann €2.3 million for his work on the flotation of Smurfit Kappa just before the financial crisis throws up an assortment of intriguing issues concerning how chief executives and other executives are paid at quoted companies.
McGann maintains the payments, made in his view “for personal qualities, and for gratitude, appreciation, admiration and friendship”, were a gift (liable to capital acquisition tax), whereas...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team