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Letter to EDP on Archant executive pay declined by Editor

 
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Ian



Joined: 16 Jan 2004
Posts: 111
Location: Norwich, England

Post Post subject: Letter to EDP on Archant executive pay declined by Editor Reply with quote

Below is a letter that I recently sent to the Eastern Daily Press, which the Editor has declined to publish. Archant owns the Eastern Daily Press, as well as numerous other local and regional newspapers.

After a five minute phone conversation with the Editor on 2 March 2012 it seems his argument is that Archant is a private company (unlike the publicly owned banks) and therefore its pay deals for executives are not a public issue. He also mentioned the pay details are published on Archant's website and once a year in the newspaper.


Dear Sir/Madam

As your recent editorial ('Corporate message still confuses', February 24) highlights, the majority of the general public feel "increasingly disgruntled and excluded" by the top pay of "bankers and other captains of industry."

But before we criticise others, shouldn’t we be looking closer to home first? What about Norfolk’s beloved EDP, for example?

According to the annual Directors’ Remuneration report, in 2010 the Chief Executive of Archant (the company that owns the EDP) received £445,000 in salary, bonus and other benefits. In contrast the average salary of a journalist in the UK is £24,500 according to the careers website Prospects.

Add in the fact last year Archant were reported to be laying off thirteen editorial staff in Norfolk, and this huge pay gap begins to look very unfair indeed.

Kind regards

Ian Sinclair
Tue Mar 06, 2012 11:31 am
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