Dacre rewarded with 70 per cent pay rise

The Daily Mail‘s Paul Dacre, Fleet Street’s best paid editor, took home £2.8m last year thanks to a 70 per cent rise on his 2009 pay, when he did not take a bonus.

This year he as rewarded with £1m extra after the paper’s parent company, DMGT, made a record operating profit, reports MediaGuardian.

DMGT’s annual report shows that Dacre received a base salary of £1.63m, an annual cash allowance of £127,000 and £25,000 in benefits.

However, his remuneration package pales in comparison to Padraic Fallon. The the 63-year old chairman of DMGT-owned Euromoney Institutional Investor pocketed £4.88m.

DMGT chairman Viscount Rothermere saw his pay slip slightly to £1.3m and chief executive Martin Morgan took home £1.29m, a drop from £1.46m in 2009.

In the report, Rothermere hailed DMGT’s resilience: “We’ve emerged from an economic recession in the UK, a world financial crisis, the most profound and continuing changes in the media industry, and your company is in very good health.”

Overall payments to DMGT directors rose almost 19 per cent in 2010 to £13.38m. Bonuses and profit-share payouts rose from £5.18m to £7m.

(Source: MediaGuardian)

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