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December 21, 2020 November 4, 2020 In a statement, union officials asked for clear answers about pay for senior staff and said: “We ask for full transparency about all senior executive pay and performance targets, and demand that in future company accounts are shared with union reps well in advance of publication.” The FT Ltd published accounts do not reflect the full picture for FT Group, which is owned by Nikkei, as it does not include all of the title’s joint venture and overseas income. According to an internal performance briefing, FT Group made £408m in 2019 (up £24m) and operat...

The statement noted that Barber’s deal had come to light “at the end of a year dominated by pay restraint and job cuts” and demanded that the company provide “full transparency about all senior executive pay and performance targets”. A spokesperson for the newspaper defended the salary portion of the package as “contractual, performance-related pay”. FT staff appeared to broadly back the union’s stance, with one employee telling the Guardian: “There is total fury that this happened”. Another called the level of Barber’s pay “gobsmack...