A Very Denis Coup

at

This bodes well.

[INM] Chairman James Osbourne asked him to resign at a board meeting today. This comes after Mr [Paul] Connolly [who represents Denis O’Brien’s interests on the board] yesterday began a legal action against the company over a €1.9m compensation package paid to outgoing chief executive Gavin O’Reilly.

RTE has learned that directors agreed at a heated board meeting to recommend that shareholders oust Mr Connolly from the board at its AGM in June.

INM director, Paul Connolly, Refuses To Stand Down (RTE)