The Dublin Port Company last year paid out €415,000 in bonuses that had not been paid to former long-serving chief executive, Eamonn O’Reilly as part of a High Court settlement.
Mr O’Reilly issued High Court proceedings in February 2023 against Dublin Port Company a after a High Court ruling in September 2022 that Shannon Foynes Port Company chief executive Pat Keating was to be paid €373,339 in unpaid bonuses and interest from 2010 to 2017. A note attached to the Dublin Port Company 2023 accounts said that “based on a High Court settlement agreement reached in 2023, the company was obliged to make certain performance-related payments in the amount of €415,000 to a past chief executive for services provided during his term in office from 2010 to 2022″.Legal costs of €176,000 were also noted, bringing the overall cost of the former chief executive’s court action to €626,000.
The annual report separately discloses that €367,000 was paid to two staff in severance payments last year.
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Dublin Port Company pays €415k unpaid bonuses to ex-CEOThe Dublin Port Company last year paid out €415,000 in unpaid bonuses to former long serving CEO, Eamonn O'Reilly as part of a High Court settlement.
Source: RTEbusiness - 🏆 16. / 61 Read more »