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.

0
0

Please sign in or register to comment on this article.

Latest Projects from the Profile Hub

Rock of Ages on Tour

30/10/2014
CONTRACT START/END DATE September/October 2014 DESCRIPTION...

Reed Learning Personalisation with Sitecore

30/10/2014
Reed Learning, a leading provider of training courses and ...

First-time cruisers? It soon becomes a long-term love-in…

29/10/2014
Since July 2013, Cruise Nation and Rooster PR have been on...

Brand Campaign for 123RF

28/10/2014
The Challenge Help 123RF stand out against big-name image...

The Co-operative Bank - Loans Tool

27/10/2014
The digital strategy required a range of sticky tools and...