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”.

Related topics Other operators

Related news

Property of the week


- Leasehold

Village position close to Reading and Newbury Extensively renovated public house Bar, conservatory, snug and function room (80-90) Four en suite letting bedrooms Two bedroom owner/staff accommodation Part-covered trade garden...

Follow us

Pub Trade Guides

View more