Five-fold pay rise for late founder of Murphy & Sons

July 2009
Contract Journal;7/29/2009, Vol. 448 Issue 6731, p1
Trade Publication
The article informs that John Murphy, founder of Murphy & Sons, was paid 4.9m pounds while he was chairman in 2008. He died in May 2009. Accounts of the company show that John Murphy's pay rose five-fold from 850,000 pound in 2007. Pre-tax profits of the company fell 40% to 34.7m pound in this year to December 2008.


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