A Statement about Royal Opera House Pay
31 October 2010 at 1.56pm
Simon Robey, chairman of the Board of Trustees, has issued the following statement about pay at the Royal Opera House:
We need to make sure we have world class people running our world class institution, so pay for the top team – set by the Royal Opera House remuneration committee made up of independent trustees – reflects what is an international market and not just a UK one. The transformation of the Royal Opera House over the last decade led by Tony, Tony and Monica, has been a major success by anybody’s reckoning. People forget what difficulties it was facing. In ten years, our turnover has risen to £106 million — more than doubled. Fundraising has risen from just over £6 million to £23 million each year. Grant from the Government is now just over a quarter of our total income – it was over forty per cent a decade ago. And for ten years by careful and prudent management we’ve enjoyed financial stability with small surpluses each year. Both Tonys and the artistic leadership are much in demand – and they and the entire ROH team have done and are doing a great job.