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FAS chief pockets '35,000 as spending probe starts.
- Article from:
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Sunday Independent (Dublin, Republic of Ireland)
- Article date:
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September 28, 2008
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Copyright informationCOPYRIGHT 2008 Independent News & Media PLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RODY Molloy, chief executive of troubled state agency FAS, received a payment of '35,458, for his "performance-related bonus" last year. The figure is not itemised in the FAS annual accounts, but has been uncovered by the Sunday Independent following a refusal by FAS to release the information.
The board of FAS approved the payment to Mr Molloy in April this year. The '35,458 represents 17.48 per cent of Mr Molloy's annual salary of '203,000. His payment this year follows similar performance bonuses of '33,526 in 2007, '30,600 in 2006 and '28,453 in 2005.
Mr Molloy was not the only senior member of staff at FAS to have received five-figure bonus payments in these ...
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