GVC shareholders unhappy about executive pay
GVC Holdings suffered a hiccup in their apparently serene progress to the high table of the betting industry last week thanks to shareholder disquiet over executive pay.
More than a quarter of those who took part voted against approving GVC's updated directors' remuneration policy and the annual and deferred bonus plan at an extraordinary general meeting just one week after it was confirmed GVC were in takeover talks with Ladbrokes Coral.
Chief executive Kenny Alexander received a remuneration package of nearly €22.2 million (approx £19.5m) in 2016, 79 per cent of which was due to the company's share price driving up the value of share options.
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