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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Sky CEO gets £17m in pay and bonuses for year

Jeremy Darroch
Jeremy Darroch Photograph: Stephen McCarthy/SPORTSFILE/Web Summit/Corbis

Sky chief executive Jeremy Darroch pocketed a bumper £17m in pay and bonuses in the year to the end of June, more than triple what he took home the previous year.

Darroch, who led Sky’s £7bn takeover of its sister operations in Germany and Italy last year, received total remuneration of £16.88m for the year.

In the previous year, Darroch was paid a relatively paltry £4.88m in total.

Darroch’s £984,750 base salary was topped up by a bumper payout of £11.8m as one of Sky’s long-term incentive plans vested.

He also received the maximum bonus, 200% of base salary, of £1.96m.

Darroch’s pay almost tripled because Sky’s long-term incentive programme only vests every second year.

In 2013, he received more than £17m when his pay was sweetened by a £12.5m LTIP payout.

Finance chief Andrew Griffith was paid £8.86m in the year to the end of June, well over triple the £2.4m he received the previous year.

Griffith received a salary of £620,000 a bonus of £930,000 and a £6.3m LTIP payout.

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