Pimlico Plumbers founder Charlie Mullins takes austerity measures further and goes without pay

Pimlico Plumbers founder Charlie Mullins takes austerity measures further and goes without pay As director after director pockets hefty bonuses, a rare example of pay restraint is welcome. The company also donated nearly "100,000 to charities. 2million, with profits up from "688,000 to "1. Earlier this month Ivan Glasenberg, chief executive of commodities giant Glencore, hit the headlines when he announced that he was forgoing his usual bonus. Trinity Mirror investors are keeping up pressure to cut chief executive Sly Bailey's pay. This year, his self-imposed austerity has gone even further - he has paid himself nothing at all. Business is still going well, judging by latest financial figures that show turnover for the year to May 31, 2011 increased from "15. Millionaire Mullins will not go short, though. 'If you are looking everywhere for savings, you should also look at the board,' said one investor. Pimlico Plumbers founder Charlie Mullins takes austerity measures further and goes without pay Trade News selected by Local Linkup on 12/03/2012