EXCLUSIVE: Channel 4’s top executives have indefinitely deferred their six-figure loyalty bonuses amid a revolt from producers, who have voiced dismay at the British broadcaster pleading poverty as senior leaders pocket record pay packets.
Deadline can reveal that Channel 4 CEO Alex Mahon and her two top lieutenants, content chief Ian Katz and commercial head Jonathan Allan, will forgo bonuses of more than £100,000 ($124,000) until the company has navigated its way through a chastening ad market slump.
The so-called “retention bonus” was introduced to stop rank-and-file staff fleeing Channel 4 as the government attempted to sell the crown jewel of UK broadcasting.
The reward was extended to executive directors last September, meaning their salary would have been topped up by 25% in addition to any performance-related pay.
Read more on deadline.com
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