NUJ condemns Bailey's pay rise
The National Union of Journalists has condemned a pay rise which has seen Trinity Mirror chief executive Sly Bailey's total remuneration rise to £1.45 million.
- January 17, 2018
- January 3, 2018
- December 19, 2017
As boss of the UK's largest newspaper group, Bailey was paid a £700,000 salary plus a £755,000 bonus in 2006, according to the company's annual report. She received another £231,000 contribution to her pension pot.
In 2005, Bailey was paid £1,056,000.
NUJ president Chris Morley (pictured) said: "Given the deteriorating performance of the company, and madcap plans to hack a further £20 million out of a smaller business once the Midlands, south east and Racing Post operations are sold, directors who came up with this package for Sly must be commercially deranged.
"The company claims she jumped internal targets to trigger such an obscene payout — 98 per cent of her maximum annual bonus. We hope shareholders see through this charade and revolt against this bizarre pay package at the company's forthcoming AGM."
Wharf deal for thelondonpaper
Free newspaper thelondonpaper, owned by News International, has been awarded exclusive rights to distribute at Canary Wharf.
Howard Dawber, strategic adviser at Canary Wharf Group (CWG) plc, said: "We had a number of parties interested in distributing at the Wharf but felt thelondonpaper was the most suitable for the profile of our tenants and shoppers."
Ian Clark, thelondonpaper's general manager, said existing merchandisers will be taken away from streets and moved inside Canary Wharf and that total distribution will be maintained at the current level of 500,000.
Sixsmith writes Litvinenko book
Former BBC Moscow corrspondent Martin Sixsmith had written a book promising to tell the inside story of the murder of Alexander Litvenenko.
The Litvinenko File: The True Story of a Death Foretold comes out this week.
According to publisher Macmillan: "Sixsmith knows the Russian underworld well and in this dramatic new book he exposes the key Russian players, most of whom he has known over the years, to give us the answer to the perplexing question: Who killed Litvinenko?"
Jamaican holiday is club's top prize
A seven-day holiday for two in Jamaica is the top prize at the Birmingham Press Club Ball on 27 April. East Midlands Airport donated the prize for the event, which will be at the Burlington Hotel.