Read this: Michael Grade leaves ITV with 2.7m as Adam Crozier chases 16m |Media |guardian.co.uk
Summary: Grade picked up 2.126m in salary and annual bonus for his last year as executive chairman of the broadcaster, and also sold shares worth a further 401,567 under the company's share options scheme, according to ITV's 2009 annual report, published today. The ITV board also awarded him a further 167,000 to cover the remainder of his contract which expires next month but calculated the payoff as if he were merely non-executive chairman of the firm. He will also be awarded 420,000 worth of shares when he joins on 26 April, which he can collect over the next 18 months. - guardian.co.uk
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