London — Financial Times CEO John Ridding is to give some of his £2.6m salary back to the company after a group of the newspaper’s reporters complained about his pay, according to an e-mail to staff seen by Reuters. Earlier this month Steve Bird, joint head of the paper’s National Union of Journalists, wrote to the newspaper’s editors and journalists across the world, saying Ridding’s pay was absurdly high and he should give some back to help those on lower salaries. Ridding said his salary was established by Japanese media group Nikkei, which bought the FT in 2015, and was independently assessed and "highly performance-related".
"While our performance has been strong, I recognise that the size of the consequent jump in my own total reward in 2017 feels anomalous and has created concerns," he wrote. Ridding added that he had decided his remuneration should be restructured. "For now, I have decided to reinvest into the FT the increase awarded in 2017, which is £510,000 before t...
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