Tim Martin takes £19k pay cut

By Mark Wingett

- Last updated on GMT

Related tags Executive john hutson Pub operator jd Salary Wage Human resource management

Pay cut: Tim Martin
Pay cut: Tim Martin
Tim Martin, chairman of managed pub operator JD Wetherspoon (JDW), took a £19,000 pay cut in 2011, according to the company’s annual report.

His salary fell from £394,000 to £375,000. Other senior directors also saw their salaries drop in the year. Chief executive John Hutson’s wage fell £28,000 to £628,000, and personnel and legal director Su Cacioppo’s salary fell £15,000 to £304,000.

JDW reported a 7.6% rise in revenue in the year to £1.072bn, with like-for-like sales up 2.1%.

Profit before tax and exceptional items was down 5.9% to £66.8m.

Martin labelled Britain’s tax regime “unsustainable” for the pub trade, “and is directly leading to the closure of many pubs, which have become uncompetitive in relation to neighbouring countries and to supermarkets”.

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