The Social Democrats, led by Cian O'Callaghan, criticize the impending salary increases for CEOs across various state bodies, pointing out that their combined earnings have reached €75 million over the past decade. While Minister Jack Chambers highlights a review indicating that CEO remuneration has diverged from market trends, O'Callaghan argues that the raises ignore current economic challenges. He emphasizes the disparity between these higher salaries and the struggles faced by lower-income workers, calling the situation a government double standard and expressing discontent over the treatment of lower-paid employees.
Mr O'Callaghan claimed the Government was boosting the pay of semi-state chiefs without any reference to economic headwinds or global volatility regarding their gold plated salaries.
Minister Chambers stated that CEO remuneration packages have 'fallen out of alignment with the market,' indicating a need for restructuring.
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