Richard Huntingford, the chief executive of Chrysalis, has suffered a drop in his take-home pay, according to the media group's annual report.
Richard Huntingford, the chief executive of Chrysalis, has suffered a drop in his take-home pay, according to the media group's annual report.

The £395,000 he took home in 2004 was more than half of the £812,000 he earned in salary and benefits two years ago and short of his £508,000 pay last year.

But radio chief Phil Riley accumulated just over £1.5m this year due to a £1.16m incentive that had been accrued over eight and a half years.

The windfall was directly linked to the performance and value of the company's radio division, which operates the Galaxy network as well as the LBC and Heart stations. He also made £342,000 from salary, benefits and a bonus of £68,000.

Riley has used some of the money to boost his shares from 154,000 to 520,000, which is currently worth £950,000.

However, there was less cheer for Huntingford, chairman Chris Wright and finance director Nigel Butterfield who received no bonuses this year.

Wright was paid £316,000 this year; down from the £346,000 he earned last year and his £500,000 pay packet in 2002.

Excluding Riley's long-term incentive, the 10 members of the Chrysalis board were paid £1.9m this year.

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