Port firm pays more in directors' fees than state dividend

The Port of Cork paid more to its directors and chief executive in 2012 than it paid to the government in the form of a dividend.

27th July, 2013
Brendan Keating of the Port of Cork: €239,130 salary.

The Port of Cork paid more to its directors and chief executive in 2012 than it paid to the government in the form of a dividend.

The state company's recently filed accounts show that while it paid the state €358,976 last year - from a profit of €1.37 million - this was almost half the €634,351 it paid to the exchequer in 2011. Last year, fees and "other emoluments" paid to the directors combined, came to €475,555.

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