Michael Murray: When directors’ salaries attract controversy, the focus is often on the wrong things
Motivation needs to stretch deep into the operating businesses for success
The CRH chief executive’s recent response to shareholders’ criticism of his potential €8 million pay package was a reasonable one – but only within a very narrow context.
Approved by 60 per cent of shareholders Albert Manifold’s package was in line with his European peers in the industry and the cream will be triggered for payment in full only if significant value enhancement has been delivered to the benefit of all shareholders. In ...
