Trinity Mirror CEO pay up by 66 per cent

Sly Bailey's total remuneration package saw a 66 per cent increase in 2009 to £1.68m.

Bailey's package included a basic salary of £736,000, pension contributions of £248,000 and a bonus of £671,000. A spokesman for the London-based newspaper publisher said cost cutting measures had helped the company to exceed target revenues by £5m and put operating profits ahead of estimates. Finance chief Vijay Vaghela also saw a 66 per cent increase from his 2008 salary package, while group legal director, Paul Vickers, was the third highest paid employee with a 46 per cent increase from 2008. Trinity Mirror paid a total of £3.77m to executive and non-executive directors last year, which was 51 per cent higher than the £2.49m paid in 2008.