Double-digit executive pay boost ruffles feathers at Flutter’s agm | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 71%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

A double-digit pay boost for senior officials ruffled feathers at Flutter’s agm last week, with almost a third of shareholders voting against the move after disappointing full-year results and a share price tumble.

Flutter chairman Gary McGann defended pay increases to leading executives such as chief executive Peter Jackson , whose pay will rise 26 per cent to £1.17 million. Picture: Fergal Phillips

Paddy Power-owner Flutter faces having to ease significant shareholder concern over double-digit percentage pay hikes which were last week approved for two of the company’s most senior executives. Peter Jackson, the chief executive at Flutter, and Jonathan Hill, the company’s chief financial officer, are set for pay hikes of 26 per cent and 20 per cent, respectively, after their new remuneration packages were approved by the board.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Matt Cooper: McDonagh’s departure from BoI brings bankers’ pay back into focus | Business PostIf politicians insist that the bank’s new boss is paid a maximum of €500,000, the share price will likely fall further and Irish pension funds may suffer, cooper_m writes. cooper_m Won't somebody think of the half a million a year bankers?
Source: businessposthq - 🏆 8. / 71 Read more »

Almost two-thirds have ‘little to no’ disposal income due to price hikes | Business PostAlmost two-thirds of people have “little to no” disposable income due to the cost of living crisis, the latest Business Post/Red C poll reveals. Two thirds of people asked have admitted that they are working to survive and not working to live. 50% said they are surviving off savings but what happens when the savings run out? This government is so far out of touch it’s going to cost lives.
Source: businessposthq - 🏆 8. / 71 Read more »