Daily Mail editor Paul Dacre took home £1.7m last year – down more than £1m on his £2.8m remuneration package in 2010.
Dacre, who is also editor-in-chief of Daily Mail publisher Associated Newspapers, was paid a base salary of £1.69m in 2011 supplemented by a cash allowance of £10,000 and £25,000 in other benefits.
In 2010 his remuneration package came to £2.8m, including a £1m bonus.
In its annual report published yesterday, the Daily Mail General Trust said: “The committee decided in the previous year that it was in all stakeholders’ interests to recognise the contribution and to retain the services of Mr Dacre in his current role.
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‘The committee decided that Mr Dacre be paid an additional £500,000 for each full year that he continues working until he is 65. Mr Dacre, who is 63, will not participate in any bonus or other long-term incentive scheme.”
The biggest payout went out to the chairman of DMGT‘s Euromoney Institutional Investor, Padraic Fallon, who received a total remuneration package of £5.38m – up 10 per cent on last year.
DMGT chairman Viscount Rothermere was paid £1.17m, including a £147,000 bonus, which was down on the 2010 figure of £1.3m (including a £337,000 bonus).
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Chief executive Martin Morgan took home £1.08m, including a £176,000 bonus, which was also down on his 2010 remuneration package of £1.29m
DMGT generated revenues of £1.99bn last year – with £862m coming from Associated Newspapers. Operating profit was down 5 per cent to £286m.
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