To be honest when it's a private company what you get paid is what the company profits can afford. One good reason not to be listed or go back to Private Equity is to keep these nasty tales out of the public domain.
In Perth we have the inventor and his father that took VGW from worth bog all to over $2bn in a very few years. Laurence has three Buggatis amongst his huge car collection of purported to be over 70 cars. Have a look at the Lee collection. They are premier sponsors of Scuderia Ferrari.
The guy is a good guy who has worked hard but no doubt hit the mother load. I believe his divvy cheque last year was $160m as was his Dad's.
Do Bet365 may not be so far out of the market.
“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.”