Saturday December 7, 2019

Ian Guider's Market Talk

Shareholders are finally starting to stand up to executive pay

Ian Guider

Markets Editor

@ianguider
22nd May, 2016
Martin Sorrell wants £70 million Pic: Getty

Record profits, an industry-changing merger and a share price not far off an all-time high: it wasn’t a bad 2015 for Paddy Power. Yet shareholders in the now-combined Paddy Power Betfair delivered a slap to the board last week, with nearly one-third of them rejecting the company’s plans to award executives bonuses over the next couple of years.

The revolt is somewhat surprising, given the transformative year the company has had, and...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Mortgage gouging by banks does not serve society well

Matt Cooper | 2 weeks ago