Former Pearson FD paid more than Scardino
Pearson has revealed its group chief executive Dame Marjorie Scardino earned less last year than John Makinson, the media company's former finance director.
Makinson, who is now chairman and chief executive of Pearson’s main consumer publishing division Penguin, earned £855,000 last year whilst Scardino’s total pay package was £852,000.
The former FD’s pay package was boosted by what the company describes as ‘location and market premium payment’ of £136,640. Pearson explained the boost was designed to bring Makinson’s salary more into line with the heads of US publishing houses.
Scardino, like the rest of the board, received no salary increase last year. Rona Fairhead, who was appointed FD in June last year to replace Makinson, was paid £301,000, including a £100,000 bonus.