ITV pays Crozier £1.6m for his first eight months

[TrueBlueTerrier]

http://www.independent.co.uk/news/busin ... 36150.html" onclick="window.open(this.href);return false;

ITV is paying its newly installed chief executive Adam Crozier more than £1.6m for his first eight months in the job after the beleaguered broadcaster saw its profits treble.


According to the broadcaster's annual report, the former head of the Royal Mail was paid a basic salary of £532,000, plus another £334,000 "golden hello" on joining the company. He also received a £252,000 short-term cash bonus and another £505,000 deferred in shares until 2013.

Mr Crozier was also issued more than four million nil-cost share options on joining the company last April. Although they cannot vest until April 2013, the value of the portfolio has shot up by nearly 30 per cent as the group's share price has steadily risen.

ITV's first annual results with Mr Crozier at the helm were published last week, sending the stock up by more than 9 per cent in a single day as the group reported profits up from £108m to £321m, thanks to a whopping 16 per cent boost in advertising revenues.

But despite the boost from successful series such as Downton Abbey and The X Factor, ITV1's viewing share dropped over the year, leaving the group cautious in its outlook for the year ahead.

With an estimated £14m in pay and awards on the table over the next five years, Mr Crozier has a major incentive to turn ITV around.

"The incentive arrangements emphasise the delivery of strategic change, co-operative endeavour and three- to five-year outcomes aligned to shareholder value," Andy Haste, the chairman of the Remuneration Committee, said in this year's annual report.

[Dogs of War]

The wee f****r deserves it really.

[pants123]

he might have all that money, millions,,,, but the bloke is human like the rest of us here on planet earth,, so mr crozier get it spent soon cause you will be in a box like me and every other living life form in the next 30 years,,,,, have a nice day........

[daveyeff]

feckn mercinary barstool.

[daveyeff]

he might have all that money, millions,,,, but the bloke is human like the rest of us here on planet earth,, so mr crozier get it spent soon cause you will be in a box like me and every other living life form in the next 30 years,,,,, have a nice day........

hopefully sooner than that......he might get run over by a runaway high capacity trolley.

[maisymoo04]

the horrible little piece of crap,winds me up the little rat

[DirtyHarry]

Scum like Adam Crozier just keep getting richer and richer, while millions of REAL decent, REAL hard-working people, in REAL terms, get poorer.

How much longer will we put up with such a blatantly obvious injustice?

If the many wrongs meted out by the wealthy, to the decent, honest, hard-working people of these Islands, is ever righted, please God, let it be in my lifetime.

[BELIAL]

ITV losing £1 million a day and now making £1million a day :left:Dejavu dodgy little number twister ,how your sales figures

[DGP1]

ITV losing £1 million a day and now making £1million a day :left:Dejavu dodgy little number twister ,how your sales figures

What's the odds that when he goes ITV suddenly run out of money

[gundog140]

I can but laugh at seeing stuff like this. Failed Execs and Football managers, Bank Chairmen.. the list goes on, getting millions on leaving a job... And hey presto... thet're in a new very highly paid job.

P1sses me right off but if I didn't laugh i'd probably do something regretable!

[BELIAL]

ITV losing £1 million a day and now making £1million a day :left:Dejavu dodgy little number twister ,how your sales figures

What's the odds that when he goes ITV suddenly run out of money

Been there ;done that ; how many times do folks fall for the same old three card trick?
Curious thing is ,is how does this child of the Western isles fit in with the mafia scam?
What does he have to offer and to whom? Personal taste I guess ?
One things for sure it ain't merit or ability cos he's already been sussed

[red1968]

Bring back Heartbeat ,you t**t

[hubbahubba]

Bring back Heartbeat ,you t**t

[POSTMAN]

[Grinder64]

Anyone notice that ITV's 'Daybreak' programme still has the endearing image of post arriving simultaneously with the toast popping, the sun rising etc; on it's opening credits? Let it not be said that Crozier didn't have a brutal sense of humour...personally I hope that the little turd dies in a hotel fire.