Bet365 chief's pay is less fascinating than where its revenues are made Nils Pratley
over 5 years in The guardian
Denise Coates’ £323m payday shows how successful the betting firm is – but in which markets?
Private companies can do things differently. Bet365 can, for example, step outside its traditional reporting schedule and file its accounts at Companies House a month later than usual. That proved helpful this year. It prevented the latest mega payday for the founder and chief executive, Denise Coates – £277m in salary plus £46m in dividends – from becoming a flashpoint in a general election campaign in which billionaire-bashing was a theme.
Mind you, Coates’ aversion to the spotlight might have been welcomed by Jeremy Corbyn. She is not a straightforward case. Bet365 is a UK-domiciled company and Coates, by collecting her winnings in plain-vanilla payroll fashion, pays an awful lot of personal tax. The company also makes hefty charitable donations and her father, Peter Coates, used to be a big donor to Labour. There are easier targets to whack. Continue reading...
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