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Payout for Dacre as DMGT bosses pocket £33m amid cuts fears
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Former Daily Mail editor Paul Dacre is to receive a payout of almost £2m, as the top executives at parent company DMGT share £33m in pay, bonuses and share awards this year – while staff brace for job cuts.
Dacre, who stood down as editor in 2018 and until earlier this month was chair and editor-in-chief of the paper’s parent company Associated Newspapers, is to receive the payout in December under one of Daily Mail and General Trust’s long-term incentive plans for senior management.
The vesting of the award of 168,851 shares, worth about £1.9m at DMGT’s current share price, relates to the hitting of performance targets in 2019. The award follows a payout of £1.5m given to Dacre last December.
Dacre’s payout is dwarfed by that of the top four
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