More like this
Investors call for Mirror chief to halve her pay
Business digest: Sly Bailey should have her pay cut in line with group’s falling market value, say shareholders
Shareholders in Trinity Mirror, owners of the Daily Mirror, want chief executive Sly Bailey to cut her pay in half, from £750,000 to closer to £375,000, to reflect the newspaper group's declining fortunes.
The company's market value has halved over the past 12 months and investors feel Bailey's pay packet should be cut accordingly.
Trinity's market value was £106m on Friday. "It is untenable if the market capitalisation remains at this level," one investor said.
Schroders, Aviva and Standard Life are among Trinity's bigger shareholders. The company declined to comment.
Read a full report at the Sunday Times ·
