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PIRC Protesting PaddPower Executive Pay
Thursday May 12,2016 : EXECUTIVE PAY PROTESTERS TARGET PADDY POWER-BETFAIR
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 has shifted its focus to the Betfair-Paddy Power group.
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 GBP 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.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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