Sly Bailey, chief executive of Trinity Mirror, took home a total remuneration package of £1.71m last year – an increase of just under two per cent on the previous year.
Bailey’s package included a basic salary of £736,000, a cash bonus of £660,000 with an additional £248,000 in pension contributions to trump the £1.68m package she was paid in 2009.
The increase came in a year where Trinity Mirror axed around 200 staff from its national newspaper division but recorded a tripling of pre-tax profits from £42m in 2009 to £123m last year – however almost a fifth was wiped off the company’s share price last month after it reported a troubled start to this year.
Trinity Mirror finance chief, Vijay Vaghela was the company’s second highest paid executive. He took home £921,000 last year – a slight increase on the £909,000 he took home the previous year.
Vaghela’s package included £430,000 basis salary, £344,000 cash bonus and a pension contribution of £106,000.
Trinity Mirror legal director, Paul Vickers, had a take-home package of £770,000 including a basic salary of £ 375,000, a cash bonus of £225,000 and pension contributions of £126,000.
Vickers package was an increase on the £754,000 package he took home in 2009.