12 March 2012 - 8:51am | posted by | 1 comment

Trinity Mirror shareholders urge CEO pay cut

Trinity Mirror shareholders urge CEO pay cutTrinity 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.’

Comments

12 Mar 2012 - 12:12
gasmeter's picture

...while her newspapers lay into 'boardroom fatcats', etc. Ah the irony.

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