“Not sensible and proportionate”
Some other choice words come to mind after reading this!
Unbelievable!
The founder and boss of gambling company Bet365 earned a salary of around $281 million (£221 million) in the last financial year – ending March 26, 2023. The figure was described as not “sensible and proportionate” by one campaign group.
Denise Coates, the joint-chief executive and majority shareholder of Bet365, also earned at least 50% of the company’s $127 million (£100 million) in dividends on top of her $281 million salary, company accounts published on Sunday show.
Her base salary is an increase of about $10 million compared to last year, even as Bet365 made pre-tax losses of around $77 million (£60.2 million). The company accounts attribute the losses to “a significant increase in costs associated with entering into new markets.”