News
Marketing can change the world

Trinity Mirror shareholders urge CEO pay cut

Major shareholders in Trinity Mirror, including Aviva, Standard Life and Legal & General, are urging the publisher’s chief executive, Sly Bailey, to accept a pay cut – according to reports in the Sunday Times.

The demands precede a remuneration discussion by the publisher’s board on March 15, heaping pressure on Bailey to forego any attempt to gain more cash.

It follows a spate of negative headlines surrounding Bailey’s pay packet after she raked in £12.4m over nine years despite overseeing an 87% collapse in Trinity’s share price.

This led many, notably the guardian, to question whether she was the ‘UKs most overpaid chief executive.’

John Glenday

John Glenday is responsible for compiling The Drum's daily morning bulletin and ensuring that overnight breaking news is covered while you're still brushing your teeth. Can also make a mean cup of tea.

All by John