Cineworld’s boss saw his pay nearly double in 2021 despite the cinema chain suffering another difficult year as it struggled to recover from Covid-19.
Mooky Greidinger raked in nearly £1.48m, up from £830,000 in 2020.
The figure was boosted by a hefty £646,000 bonus, which the 69-year old received despite the company posting a pre-tax loss of around £542m as its cinemas remained closed for part of the year due to lockdown restrictions.
Increase: Mooky Greidinger raked in nearly £1.48m, up from £830,000 in 2020
He wasn’t the only family member seeing his pay surge as Israel Greidinger, Cineworld’s deputy chief executive and Mooky’s brother, received £1.21m last year compared with £689,000 in 2020 after pocketing a £518,000 bonus.
The company was hit hard during the pandemic because lockdown measures forced it to close its cinemas, effectively cutting off its revenue streams.
A smaller slate of big film releases following reopening has also left the firm struggling to make up lost ground, despite pent-up demand from cinemagoers following the end of lockdown.
The company’s stock is worth over 80pc less than it was before the pandemic struck.
