She was eligible to have received a bonus of £157,000 but opted not to take it, as Pearson, publisher of the Financial Times, struggles through the advertising downturn. Other senior Pearson executives David Bell, director of people, and John Makinson, finance director, also chose not to receive their bonuses, which were £112,500 and £93,000 respectively.
Dame Marjorie still managed to take home £525,000, and her total remuneration package for 2001 was £1.1m. She joins bosses such as Michael Green, chairman of Carlton Communications, who have waived their annual bonuses. The trend has been continued overseas with AOL Time Warner, the world's largest media company, revealing that it had not paid executives bonuses last year.
The Pearson executives were eligible for bonuses for meeting a growth target for trading cash conversion. However, the company failed to meet its earnings-per-share growth target.
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