John McDonough takes home total of £1.42m, dwarfing the £1m earned by Balfour chief Ian Tyler
Carillion chief executive John McDonough pocketed a £608,000 bonus last year, which almost doubled his take-home pay to £1.42m.
The bonus, which was 30% in cash and 70% in shares, came on top of a basic salary of £620,000 and meant his total pay was 7% up on last year’s figure of £1.32m.
Overall board pay was up 27% from £3.81m to £4.83m, with finance director Richard Adam receiving a bonus of £392,000 on top of his salary of £400,000.
In the year to 31 December 2008, pre-tax profit at Carillion jumped 55% to £157.5m on the back of a 32% rise in turnover to £5.2bn.
McDonough’s pay dwarfs that of his nearest counterpart Ian Tyler at Balfour Beatty.
Although Balfour Beatty made 71% more profit than Carillion, McDonough took home 42% more than Tyler.
Construction firms have come under the spotlight over bonus payments since Bellway bosses award themselves bonuses in 2008 despite missing targets. The move prompted an outcry among shareholder groups.