Pay-off attributed to good timing

After a job well done in Europe, Mr Peter Sutherland, it seems, can do no wrong in the international business arena.

After a job well done in Europe, Mr Peter Sutherland, it seems, can do no wrong in the international business arena.

The former Director General of GATT has exhibited a Midas-like touchover the past three years and his name is being moved rapidly up the rich lists.

This week, in particular, has been a hectic - and lucrative - one for the 52-year-old Dubliner.

As a result of Monday's decision bypartners in Goldman Sachs to vote for the partial flotation of the US investment bank and to end its 130-year partnership, he stands to personally gain as much as $100 million (£71 million). Mr Sutherland is a senior partner with the bank and chairman and managing director of Goldman Sachs International.

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And yesterday - just a day later - he was appointed co-chairman of the world's third largest oil company, a position which will also yield significant fees and share options. Alongside these two prestigious roles he is a director of Ericsson, Delta Air Lines and a number of other major international groups.

The massive pay-off accruing to Mr Sutherland has been largely due to good timing: few could have predicted that his appointments at Goldman Sachs and BP would prove so lucrative.

His curriculum vitae is undoubtedly among the most impressive of any Irish political or legal figure - underlined by enthusiasm and energy.

A former Attorney General, he served for two terms under Dr Garret FitzGerald, before becoming European Commissioner with responsibility for competition policy, social affairs, education and relations with the European Parliament. He was the last director general of the General Agreement on Tariffs and Trade (GATT) steering the far-reaching Uruguay Round to a conclusion before founding the World Trade Organisation (WTO) and becoming its first directorgeneral. ail seat in the 1973 general election proved to be no hindrance to the enhancement of his own political career. He lives in Dublin with his wife Maruja and they have three children. His interests include reading and sport, particularly rugby.