CRH CEO Liam O’Mahony was by far the top-paid boss of all Irish listed
companies last year. O’Mahony took home a gross package of almost €11.8m
split between salary, bonuses and stock option gains. This equates to over
€32,000 per day. The top 10 highest earning executives of companies quoted
on the stock market last year breached the €52m mark, or an average of
O’Mahony took €2.66m as a salary, bonus and assorted benefits package.
However, most of his riches came through a stock option hand-out, worth
€4.06m on the date of the award. He also earned a €3.56m profit from
exercising other stock options. The cement tycoon is also in line for a near
€1.49m share award under the CRH performance share plan scheme.
The full remuneration level of public company executives has never been
fully assessed before, with just salaries and bonuses usually considered.
However, new executive compensation calculation methods which include
overall stock option awards and gains made by exercising options are now
widely used by the likes of global news service PA and American business
bible Forbes Magazine.