Paul Walsh, Diageo’s chief executive, saw his annual salary jump 72% to more than £6m last year. Walsh who has led the Smirnoff vodka and Johnnie Walker whisky maker for the last 10 years saw his base salary frozen at £1.155m in response to economic conditions, according to Diageo's annual report published on Tuesday. But he was paid £1.975m under an annual incentive plan based on profits, net sales and free cash flow, which with other benefits saw his annual salary rise to £3.178m from £1.706m the previous year. Under a long-term incentive plan, Walsh also received payments and made gains of £2.859m, making his total salary £6.037m, up from £3.501m previously. Last month Diageo said underlying sales and profit both rose just 2% in its year to end-June 2010.

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