Sly Bailey appearing at the Leveson inquiry
The newspaper publisher is due to publish its end-of-year results on Thursday morning and is likely to use the occasion to suggest a solution to shareholders.
Trinity Mirror's four biggest shareholders - Legal and General, Standard Life, Aviva and Schroders - are said to be concerned that Bailey has been paid £12 million since she joined nine years ago, while the company's share price has plummeted by 90 per cent over the same period. In 2010 alone, she received £1.65 million in pay, bonuses and pension contributions.
One shareholder told the Sunday Times: "We have asked for Sly Bailey's salary to be reviewed as it is excessive by most standards, let alone a company with a market value of about £100m."
In its last trading stadement, covering the 17 weeks to the end of October 2011, the publisher reported a "significant" improvement in circulation revenues following the closure of the News of the World.
Since then, however, News International has launched a Sunday edition of the Sun.
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