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    Default Advisors: Shareholders should oppose £45m award to GVC executives

    GVC Holdings is facing a "bruising shareholder rebellion" over the “excessively disproportionate” £67m paid to Chief executive Kenny Alexander and Chairman Larry Feldman.

    According to reports, Alexander has been awarded £45m in share options since 2016, while Feldman has picked up share options worth another £22.5m

    From The Guardian:

    The shareholder advice bodies Pirc and Glass Lewis are advising investors to vote against the pay report at the company’s annual meeting in Gibraltar next week. Glass Lewis said Alexander’s pay – which is about 550 times that paid to average employees – was “excessively disproportionate”.

    Luke Hildyard, a director of the remuneration thinktank the High Pay Centre, said it was outrageous that GVC had continued to award huge pay packets after more than 45% of investors failed to support the company’s pay policy at its AGM last year. The protest vote came in response to Alexander’s total pay hitting £19.4m for 2016, slightly more than the £18m he received in the company’s most recent remuneration report.

    “Clearly they’ve completely disregarded the strong vote against last year and are continuing with a similar approach to pay,” Hildyard said. “You’d hope that there will be an even stronger vote against this year.”
    Read more here: https://www.theguardian.com/business...-to-two-bosses

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    Kenny Alexander gets paid 550 times more than your average employees. That's really hard to comprehend and try to envisage. There is no doubt at all that is "excessively disproportionate".

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    Quote Originally Posted by vtyunby65 View Post
    Kenny Alexander gets paid 550 times more than your average employees. That's really hard to comprehend and try to envisage. There is no doubt at all that is "excessively disproportionate".
    Welcome to capitalism

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