Wednesday, December 18, 2019

Odds Favour the Boss

Denise Coates, the multibillionaire founder and boss of the gambling firm Bet365, paid herself £323m last year. It is the highest amount ever paid to the chief executive of a British company, smashing the previous record of £265m that Coates set a year earlier.
The 52-year-old’s pay equates to £1.3m for every working day last year. It is 9,500 times the average UK salary and more than 2,000 times that collected by the prime minister, Boris Johnson.
Coates was paid a basic salary of £276,585,000 in the year to March 2018, accounts filed at Companies House revealed on Wednesday. On top of this, she collected dividend payments of £45m from her more-than-50% shareholding in the company.
In the last three years alone Coates has collected a total of £817m.

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