Mitchells & Butlers boss earns over a £1m
Tim Clarke, chief executive of Mitchells & Butlers, Britain's largest pub operator by turnover, earned £1.02m in 2007.
This was despite the business taking an exceptional charge of £155m in its full year results to 29 November to do with hedging in regards to this summer's abandoned property joint-venture with Robert Tchenguiz.
Earlier this month, the operator fell out of the FTSE 100 after an eight month stay and it has also seen its share price fall 20% in the past three months due to the credit crunch.
However Clarke, along with finance director Karim Naffah and two other executives, have agreed to defer their performance-related bonuses until the hedging is closed or rolled out as part of revived plans to work with Tchenguiz through a Real Estate Investment Trust.
Despite the handsome pay cheque, Clarke lags behind Punch Taverns boss Giles Thorley in the earnings stakes.
Thorley pulled in a total salary package of £11,276,000 in 2006 and is the third highest paid director in Britain.
Rooney Anand, Greene King's chief executive, earned £891,000 last year.
Mark Angela earns £300,000 pay-off leaving Greene King, on top of his £442,000 >>
Mitchells & Butlers and Punch Taverns fall out of FTSE 100 >>
Mitchells & Butlers considers Tchenguiz property bid >>
Tchenguiz in talks with M&B to resurrect deal >>
By Christopher Walton