Sky boss sees pay drop by three quarters – but still takes home almost £5m

Sky-boss-sees-pay-drop-by-three-quarters-–-but-still-takes-home-almost-£5m

Sky chief executive Jeremy Darroch took home almost £5m in the year to the end of June, just a quarter of the bumper pay packet he pocketed in 2015.

Darroch, who heads up Sky’s pan-European operations, took home £4.75m in pay and bonuses in the broadcaster’s most recent financial year.

His base salary topped £1m for the first time (£1.01m), thanks to a 3% pay rise.

Darroch also took home a £2m bonus, up on the £1.96m he was awarded in 2015.

He also received £1.5m from a co-investment plan run by Sky.

However, Darroch’s 2015 remuneration of £17.9m dwarfs this year’s payout, when he received £12.8m thanks to the vesting of a long term incentive plan.

Finance chief Andrew Griffith saw his remuneration drop from £9.4m to £2.4m years year.

James Murdoch received £153,000 as a non-executive director in the year to the end of June.

From this year he will receive £400,000 annually after controversially being appointed chairman from 30 April.

News Source TheGuardianNews

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