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Fri 04 Apr 2003Grafton chairman waives part of pay
For the third year in a row, the executive chairman of building products group Grafton, Mr Michael Chadwick, has waived part of his salary.Mr Chadwick's total remuneration package last year was worth €514,000 but he has waived €337,000 or nearly two thirds.
He will receive just €177,000 of the package, which included a basic salary of €350,000, a performance-related bonus of €137,000 and other benefits worth €27,000.
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