« News index »
EXECUTIVE PAY PROTESTERS TARGET PADDY POWER-BETFAIR
12th May, 2016 at 12:52:33
PIRC shifts its sights to a fresh target.
The UK-based shareholder advisory group Pensions & Investment Research Consultants (PIRC), which urged Ladbrokes
shareholders to revolt on executive pay proposals at the agm last week (see previous report) has shifted its focus to the Betfair
Advisories mailed to shareholders single out soon-to-depart chief operations officer Andy McCue's remuneration package ahead of the group's agm, claiming that the former Paddy Power chief executive's Euro 3.7 million package is excessive.
McCue's reported total remuneration consisted of Euro 700,000 in salary with Euro 536,000 in bonuses and a Euro 170,000 pension, along with Euro 2.3 million in shares in the merged Paddy Power-Betfair group, the PIRC revealed.
Betfair has previously been targeted by PIRC, which last year urged shareholders to reject a proposed £ 11.5 million pay and reward package for CEO Breon Corcoran. The action group claims that Betfair's financial accounts do not adequately enable a determination of profits available to shareholders for distribution.
Related News Tags: Betfair, Ladbrokes, Paddy Power
SPORTECH FULL YEAR 2016 RESULTS
29th March, 2017 at 15:16:22
Results fail to impress but transformational period positions company for growth, Board believes.
NEW TELEVISION ADVERT FROM ONLINE CASINO
28th March, 2017 at 19:47:54
PlayOJO.com begins major marketing push in UK.
HABANERO HAILS STRONG START TO 2017
28th March, 2017 at 11:21:29
Future looks bright, developer says.
PARIPLAY LAUNCH BLOODSHOT (Update)
27th March, 2017 at 20:04:48
Based on iconic comic book series.
ULTRAPLAY DOUBLE DEAL
27th March, 2017 at 13:46:09
With Mbitcasino and Arcanebet