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Trinity Mirror pay cuts don't suit all

Trinity Mirror's decision to cut the basic salary of new chief executive Simon Fox by a third and introduce a more stretching bonus scheme has failed to satisfy some shareholders. Nearly 9 per cent voted against the remuneration report.

Today's annual meeting saw nothing like the scale of last year's revolt when 46 per cent voted against. The owner of the Daily Mirror saw revenues down 7 per cent in March and April.