Mail veteran continues to be best-paid UK newspaper editor, taking home £500,000 'supplement' on top of his base salaryPaul Dacre continues to be the best-paid UK newspaper editor, taking home more than £1.8m last year, according to Daily Mail & General Trust's latest annual report.Dacre, the editor of the Daily Mail and editor-in-chief of publisher Associated Newspapers, also enjoyed a pay rise of 5% for the financial year to the end of September 2012, during which he and DMGT's other five top-earning executives took home £11m.The 65-year-old, who agreed a new contract with a one-year notice period in September, received total remuneration of £1.85m in the last financial year.His base salary was £1.31m topped up with a £500,000 "supplement", agreed in 2011, for each full year Dacre works. In return he no longer participates in any DMGT bonus or long-term incentive scheme.In late September the Mail published a controversial comment piece describing Ed Miliband's late father Ralph as a "man who hated Britain", which Dacre was forced to defend after the Labour leader demanded an apology – which the newspaper refused to grant."The company considered that offering Mr Dacre a bonus scheme linked to financial targets would be inconsistent with the objective of maintaining editorial independence," DMGT said in its annual report published on Tuesday.He does, however, have a gold-plated pension pot that is worth £652,000 annually.DMGT said that Dacre began to take his pension... Continue reading at 'The Guardian'
[ The Guardian | 2014-01-07 00:00:00 UTC ]