Dame Marjorie Scardino's Net Worth. Image Source: Social Media.
| Net Worth | N/A |
| Birth Date | January 25, 1947 |
| Gender | Female |
| Height | N/A |
| Country of Origin | USA |
| Source of Wealth | Business |
Women leading any business or organization is not uncommon now. Today, we’re going to discuss one such individual in business, and she is none other than Dame Marjorie Scardino.
Mainly, the article will focus on the American-born British business executive Dame Marjorie Scardino’s net worth and earnings. So, here are some fascinating facts about her fortune.
Rising from the Bottom
Marjorie started law school at George Washington University but eventually dropped out to become a journalist at Associated Press in Charleston, West Virginia.
Born Marjorie Morris, the businesswoman later received her J.D. from the University of San Fransisco School of Law. After that, she became a managing partner at a Georgia law firm.
There, Marjorie met her hubby Albert Scardino, and they started a weekly newspaper, the Georgia Gazette. Before 1985, she was the newspaper’s publisher that won the Pulitzer Prize a year ago.
While the newspaper succeeded editorially under the direction of Albert, it suffered a financial loss. Marjorie, who served as its publisher, learned more from the loss than any success.
Despite the business loss, the businesswoman never gave up. She continued working hard and eventually rose through the ranks. Thus, over the years, Dame Marjorie Scardino’s net worth was built from scratch.
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Small Steps That She Took Before Making The Big Plunge Helped Her Be Successful
From the very beginning, Scardino worked hard to get to the top. She took baby steps before taking the plunge.
From 1985 to 1996, Scardino served at the Economist Newspaper Group, Inc., as the president of North American operations. After that, she worked as the CEO of the Economist Group.
Under Marjorie’s leadership, the circulation of The Economist magazine more than doubled in North America. Because of her exemplary performance there, she caught the attention of Pearson.
Nonetheless, while working at the Economist, Dame Marjorie Scardino’s earnings might have been commendable. She might have pocketed a considerable sum as salary.
Made a History After Being Appointed as the CEO
Having caught Pearson’s attention, Dame Marjorie Scardino was appointed as their CEO in 1997. As a result, the businesswoman became the first female chief executive of a top-100 company in the United Kingdom.
During her tenure, she led the company to a major position in digital media and digital education materials. The company has reportedly grown its revenues from $2,493,858,000 (£ 2 billion) to $7,481,574,000 (£6 billion), and profits also tripled to $1,174,607,118 (£942 million).
In October 2012, Scardino announced her decision to step down from the CEO role at Pearson. During her time, the company saw major changes.
Following her decision, John Fallon succeeded her and even joined the Board of Pearson immediately. Following her departure from Pearson, the businesswoman got involved in various other organizations.
Dame Marjorie Scardino’s Net Worth Grew During Her Time at Pearson
As the company’s CEO, Marjorie might have pocketed a significant salary. Talking of which, in March 2010, she was awarded a $1,620,983 (£1.3 million) bonus following a profits rise of 13%.
Dame Marjorie Scardino’s base salary was $1,184,968.25 (£950,000), and she took home the above-said bonus along with $1,184,968.25 (£56,000) in allowances and $26,194.03 (£21,000) in benefits.
Likewise, in 2011, Scardino became Britain’s highest-paid woman director of an FTSE 100 company after receiving cash and share awards worth $11,975,568 (£ 9.6 million).
Then in March 2012, the businesswoman took home almost $3,056,264.75 (£2.45 million) in benefits, basic salary, and annual bonus. She also received $804,174.88 (£644,500) of cash instead of pension contributions.
Marjorie also received shares worth $8,110,375 (£6.5 million). Thus, Dame Marjorie Scardino’s wealth might have increased significantly during her time at Pearson.
Although the exact amount of Dame Marjorie Scardino’s fortune has not been revealed, it can be assumed that it is a notable amount.
Similarly, check out how much the businesswoman Anne Mulcahy is worth.
Has Non-Executive Posts at Various Organizations
Scardino has also taken non-executive positions at several companies. She was a trustee of Oxfam during her tenure at Pearson.
In March 2012, Marjorie was elected to chair the 15-member Board of Directors of the John D. and Catherine T. MacArthur Foundation. Before that, she used to serve on the Board.
In 2001, the businesswoman joined Nokia as their non-executive director and has served as the vice chair since 2007. In 2012, she stepped down from the Board.
For her non-executive posts at these organizations, Marjorie pocketed $174,554.80 (£140,000). She joined the board of Twitter n December 2013 as their first woman on the board.
Moreover, Scardino was granted a stock award of 4018 shares worth $174,000 then. Thus, Dame Marjorie Scardino’s fortune might have benefitted well.
All thanks to the notable sum of Dame Marjorie Scardino’s wealth, she seems to be living a comfortable life. Our best wishes are with her.
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