Share Price: Year and Gvc

share price: Alexander clashed with investors again this year after he sold 13.7m ofshares in GVC at a discount, a decision that caused the company's share price to fall by as much as 18% and which he later admitted had been a bad idea, according to The Independent. He could face yet another row over his remuneration after GVC's annual report revealed that he was paid 19.1m last year thanks to a legacy award linked to the company's takeover of the online gaming firm bwin.party in 2015. The Isle of Man-based betting firm suffered a stinging shareholder revolt last year when 44% of investors voted against pay schemes that awarded its top two executives, including the chief executive, Kenny Alexander, deals worth a combined 67m. The GVC chair, Lee Feldman, also enjoyed a legacy award linked to the deal, boosting his overall pay package to 8.5m. GVC, which bought Ladbrokes in a 3.2bn deal last year, appeared to acknowledge that the payouts could prove controversial in comments attached to its remuneration report. It was the second year running that both men's pay was inflated by the awards; their deals were worth 18.3m and 8.9m respectively in 2017. (news.financializer.com). As reported in the news.

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