McInerney directors agreed major pay cuts

Barry O’Connor, managing director of McInerney, agreed a 45 per cent pay cut that would be applied to him and other senior executives prior to relinquishing his role with the troubled housebuilder recently.

17th April, 2010

Barry O’Connor, managing director of McInerney, agreed a 45 per cent pay cut that would be applied to him and other senior executives prior to relinquishing his role with the troubled housebuilder recently.

The company’s annual report, published last week, revealed that McInerney senior executives agreed to a 45 per cent cut in their basic pay in 2010, while nonexecutive directors would have their fees reduced by 60 per cent. Staff below senior executive...

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