Monday 8 October 2007
Desmond pays himself £40 million
By Leah McBride Mensching, Monday 8 October 2007 at 22:39 :: Media Ownership
Daily Express owner Richard Desmond paid himself £40.6 million in 2006, more than four times the £9.1 million pre-tax profits of Northern & Shell Network, the holding company for all of his media assets, according to account documents to be published this week.
The payment will show up in Northern & Shell's annual results, and will also reveal the media boss gave himself quite a pay increase from the £27.3 he received in 2005, which followed a bumper 2004 payout of £51.7 million.



