No bonuses for media bosses

January 2009
People Management;1/29/2009, Vol. 15 Issue 3, p8
The article reports on the decision of Trinity Mirror Group, publisher of the "Daily Mirror" and many regional newspapers in the U.S., not to pay its executive committee or managers any bonuses for 2008. A reduction in advertising and circulation have also forced the publisher to implement a pay freeze in 2009. Chief Executive Officer (CEO) Sly Bailey relates that the moves are aimed at minimising further job losses. It provides an overview of the incentive scheme to be introduced by the firm for staff in 2009 based on profit-share.


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