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Elton John World News: Elton directs a 300 percent pay rise

Elton directs a 300 percent pay rise-- Posted by This email address is being protected from spambots. You need JavaScript enabled to view it.

Thursday 3 September 1998 @ 2:00 - GMT

300 per cent pay rise. That's what Elton awarded himself in the last 12 months as his pay went up to £35.5 million, reported the Daily Mail newspaper on September 2, 1998.

 

Elton had earned £12.8 million in 1995, according to rock industry accountant Cliff Dane. But in 1996, Elton's pay from his two publishing companies Happenstance and J. Bondi - of which he's the only employee -  leapt.

 

But before you accuse mega-talent Elton of being a fat cat - you wouldn't dare! - the same survey, conducted by the union-funded Labour Research organisation, found that singer Sting took a 659% pay rise.