In particular, Glover singles out Mecom boss David Montgomery and Trinity Mirror chief Sly Bailey and suggests they are being rewarded for "getting rid of people".
Glover says: "Last week it emerged that David Montgomery, the chief executive of the European newspaper group Mecom, was paid £874,000 in his total remuneration package in 2009, an increase of 51 per cent compared with the previous year. And yet Mecom posted a 28 per cent fall in profits in a year in which the company laid off 850 staff, roughly 10 per cent of the workforce.
"The lay-offs provide a clue. Mr Montgomery is an expert at cutting costs. It is his chief – some would say his only – attribute as a newspaper executive. The company reduced operating costs by €140m (£123m), and much of the credit must go to Mr Montgomery – hence his increased package. But is cost-cutting reason enough to pay someone more money, particularly when profits fall?
"A similar picture emerged recently at Trinity Mirror. Its chief executive Sly Bailey received a total remuneration package of £1.68m in 2009, an increase of 66 per cent compared with the previous year. And yet in 2009 Trinity Mirror reported a 41 per cent fall in pre-tax profits while sacking 1,700 people and closing or selling 30 titles. Like Mr Montgomery, Ms Bailey seems to have been rewarded principally for getting rid of people.
"If a newspaper group increases profits, particularly during tough times, its most senior executives should receive significant rises. But when profits fall? The Daily Mirror would scream if a banker's salary soared as profits dropped, but its own Sly Bailey is judged in another light. Why are newspaper executives different? As the Daily Mail might say: "They still just don't get it, do they?"