Bet head Denise Coates sets UK record with £m pay packet The highest-paid boss of a UK-listed company was Jeff Fairburn of Persimmon, who received £m last “Is it ethical for anyone to earn £m a day? Bet boss Denise Coates is the UK's highest-paid boss, having received a £ million pay packet. The size of the payout has drawn.
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Fancy buying high street clothes half price? Elsewhere on the BBC. Edmund Heaphy Finance and news reporter. The Guardian. The accounts had been expected to be filed on or around 20 November and no reason was given for the delay. New customers only Cancel anytime during your trial. World Show more World. Over 75 free TV Licences Read the important update. High Pay Centre executive director Luke Hildyard said: "This looks like cynical timing, sneaked out straight after a general election campaign where excess wealth, taxes on the rich and the vast gap between those at the top and everybody else have been key issues. UK markets close in 22 minutes. Home Top Share. Luke Hildyard of the High Pay Centre, a think tank, said: "Business success should be incentivised and rewarded, but a payment a fraction of this size would still afford a lifestyle beyond the wildest dreams of most people. Bet sent a selected version of its accounts to gambling industry trade publications on Monday and Tuesday and warned them not to pass the documents on to the Guardian or other national newspapers. The websites did not mention her bumper payday. Join now to start saving articles today. The government is currently paying part of the wages of more than 8 million furloughed workers. Comparison Coates was immediately accused of seeking to delay the public release of details of her pay until after the general election. Accessibility Links Skip to content. PA Media: Money. Dr Graham Moore of the Centre for the Development and Evaluation of Complex Interventions for Public Health Improvement said at the time: "The evidence shows that people who gamble earlier in life are more likely to become problem gamblers in adulthood. Please update your billing details here to continue enjoying your subscription. Over the same period, the average amount earned by the people of Stoke was £66, Her pay works out at 18, times that of the average.
Bet365 Boss Earns £323m Pay Packet - Bet's Denise Coates cements place as world's best-paid woman with £m payday
We have noticed that there is an issue with your subscription billing details. More on this story. She graduated with a first from Sheffield University in econometrics before returning to the family business. Premium FT. Then share it with your friends. Choose your subscription. Related Topics Gambling Companies. Keep abreast of significant corporate, financial and political developments around the world. John Lewis unveils the first two of its department stores to reopen on 15 June Opinion Show more Opinion. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. The study said this was "particularly concerning, given that across the UK, most forms of commercial gambling are only legal for those aged 18 and over". We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future. Or, if you are already a subscriber Sign in. Edmund Heaphy Finance and news reporter. Yahoo Finance UK. Her pay works out at 18, times that of the average woman in the city. FTSE 6, Full Terms and Conditions apply to all Subscriptions.
Bet365: UK's best-paid boss hits £323m jackpot
More top stories. Photo: PA. Wedding crunch hits couples forced to postpone Many are still left out-of-pocket by venues who exploit terms and conditions to deny refunds. She originally trained as an accountant and worked in her father's betting shops. We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future. The charity has not made any donations to gambling or addiction charities. Finance Home. Join now to start saving articles today. Her huge salary has prompted criticism from groups who argue that betting firms like Bet are not doing enough to counteract problem gambling and addiction in the sector. The delay was remains unexplained and Bet has refused to comment on the matter. John Lewis unveils the first two of its department stores to reopen on 15 June Since starting as a cashier in the chain of betting shops owned by her father, the publicity-shy Bet chief has had a meteoric rise. She keeps herself out of the public eye and rarely gives media interviews. Companies Show more Companies. Fruit machines were the most popular form of gambling, followed by playing cards for money with friends and scratchcards. Edmund Heaphy Finance and news reporter.
Bet boss becomes best-paid UK executive with £m payday
Accessibility help Skip to navigation Skip to content Skip to footer. Try full access for 4 weeks. Please update your billing details here to continue enjoying your access to the most informative and considered journalism in the UK. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Coates said she and her family bet "everything" on the launch of the company, saying they were the "ultimate gamblers. Then share it with your friends. The total breaks the record for the highest-ever amount paid to an executive in a UK-based company. US Show more US. The High Pay Centre conducts research, which it communicates to policymakers and companies to affect change. The Telegraph. Accessibility Links Skip to content. In the year , she set up the firm in a Portakabin in Stoke-on-Trent, with her brother John. The following year the Bet website went live, and the rest is history. What to read next. Thursday December 19 , The subscription details associated with this account need to be updated. World Show more World. Photo: PA. The study said this was "particularly concerning, given that across the UK, most forms of commercial gambling are only legal for those aged 18 and over". The billionaire boss of the online gambling company Bet has cemented her status as Britain's best paid chief executive after she took home. Bet chief Denise Coates is expected to be the world's best-paid female boss US listed firm is Oracle boss Safra Catz, who earned $m (£m) last year - a and cycle path - has still come in for criticism over her pay packet. Boohoo's £m PrettyLittleThing deal is scandalous, says short-seller.
Daily news briefing direct to your inbox Sign up for our newsletter. Log in Subscribe. The Telegraph. But the rise comes as the industry faced mounting criticism, including over children gambling. How WILL we ever pay for it all? Then in , noting the growing popularity of online gambling, Coates launched Bet from a building in a carpark near one of her father's shops. John Lewis unveils the first two of its department stores to reopen on 15 June What kind of rescue could trigger a stock market bounce back? Premium FT. FTSE 6, Low cost portfolios. We do not write articles to promote products. Since then, her salary has grown year on year, breaking records that she herself set. We have noticed that there is an issue with your subscription billing details. Shops across Britain are preparing to reopen for the first time in months from 15 June. Her pay works out at 18, times that of the average woman in the city. Her father is also a co-founder of the business, while her brother, John Coates, is co-chief executive. Reuse this content. Abigail Hess. Yahoo Finance UK 18 December
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