Posted on 12/18/2019 8:57:26 AM PST by thefactor
The CEO of bet365, Denise Coates, gave herself the largest yearly compensation in business history.
The private company’s filings, which were revealed by The Guardian, showed that Coates was paid a total package of $422 million from March 2018 to March 2019. Here’s a rundown of her compensation the past four years, during which she’s made $1.2 billion. Coates also owns slightly more than 50% of the company:
(Excerpt) Read more at actionnetwork.com ...
I am still amazed that people gamble when it is proven the house always wins.
Good for her.
Yup. She saw where the market was going and grabbed it. You can literally watch soccer games on your phone over there and bet on your phone while you’re watching the game! I’m sure it’s causing a lot of divorces over in the UK, but it’s making her company a lot of cake.
Says a lot about society when the Highest-Paid executive is with a betting company.
... I am still amazed that people gamble when it is proven the house always wins.
Obsessions are like that
Sex, Gambling, Drugs, Alcohol, etc...
Yeah, but she didn’t build that!
I have seen many fights between friends and their wives over gambling away the rent money. I like playing blackjack but I can't bet on sports. Too difficult.
More losers than winners in the gambling world. Some get rich off the misfortunes of others. Some people develop the gambling addiction and it destroys their lives. Investing in the market is enough of a gamble for me.
Who needs a billion dollars anyway?! ;)
Lucky for her she's female and "of color"...otherwise this would be the top story...the top outrage...on MSLSD every night.
Her father assumed the startup risk. She assumed the expansion risk. They deserve whatever follows. All the best.
Of color?
What is wealth? When your income revenues exceed your outgoing expenses. I say it’s ok to own things as long as things don’t own you— and don’t want too many things especially ones you never or hardly use. Just my own 2 1/2 cents.
obama: “I do think at a certain point you’ve made enough money.”
What you say doesn’t matter.
Whoops! My bad! I thought that this was a reference to the BET Network..."Black Entertainment Television".
Well,my basic attitude stands. Except for those who cure cancer or make some other huge contribution to humanity I think it's obscene to make that kind of money.
IOW...Jonas Salk making a billion? No problem. The CEO of Facebook or of some gambling empire making a billion? Outrageous!
And yes,I know that some Freepers will call me a Commie...that's cool.
What some who owns a business pays themselves is no one else’s concern IMO.
It’s up to the Shareholders and the Board of Directors.
> Her father assumed the startup risk. She assumed the expansion risk. They deserve whatever follows. All the best. <
Right. It’s fair to be critical of public companies that over-compensate their executives. Such compensation is often not in the shareholders’ best interests. But bet365 is a private company. The owners are free to do whatever they want with their company, and their money.
Unfortunately most gamblers employ the mentality that THEY are the exception and will be the one to bring the house down.
I have a friend of 40 years who is a long time member of "G.A." - Gamblers Anonymous. It's a never-ending fight to overcome that mentality.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.