News

Betfair bosses got pay increases despite flotation

25 July 2011


LONDON, England -- Betfair bosses do not seem to have been affected in their pay packets by the flop of a recent flotation, The Guardian reported.

Departing chief exec David Yu and Stephen Morana the company finance director both enjoyed pay rises under the company's Senior Executive Incentive Plan, the report explained.

Betfair has seen its share price fall 50 percent since it floated last October, The Guardian report noted.