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.
‘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).
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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