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Tuesday 26th July 2011, 2:07am
LEISURE
KASMIRA JEFFORD
BETFAIR awarded its two senior executives huge pay rises last year despite overseeing a disastrous entry to the London stock exchange last year.
David Yu, the group’s chief executive who announced last month he would be stepping down, received a pay package worth £824,676 in the year to April, up 125 per cent on the previous year, its annual report revealed yesterday.
Meanwhile Stephen Morana, its chief financial officer, saw his pay package more than quadruple to £1.6m last year compared with £300,000 the year before.
Yu and Morana’s package included a “senior executive incentive plan” (SEIP) entitling them to £300,000 and £1.2m respectively following the firm’s listing on the stock exchange.
Shares in the betting firm have slumped by 50 per cent since it floated last October at £13, closing yesterday at 653.5p.
http://www.cityam.com/news-and-analysis/betfair-boss-doubles-pay
LEISURE
KASMIRA JEFFORD
BETFAIR awarded its two senior executives huge pay rises last year despite overseeing a disastrous entry to the London stock exchange last year.
David Yu, the group’s chief executive who announced last month he would be stepping down, received a pay package worth £824,676 in the year to April, up 125 per cent on the previous year, its annual report revealed yesterday.
Meanwhile Stephen Morana, its chief financial officer, saw his pay package more than quadruple to £1.6m last year compared with £300,000 the year before.
Yu and Morana’s package included a “senior executive incentive plan” (SEIP) entitling them to £300,000 and £1.2m respectively following the firm’s listing on the stock exchange.
Shares in the betting firm have slumped by 50 per cent since it floated last October at £13, closing yesterday at 653.5p.
http://www.cityam.com/news-and-analysis/betfair-boss-doubles-pay
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funny, when I make bad decisions on here I make less money, not more.
how can I be rewarded for mediocrity please?
how can I be rewarded for mediocrity please?
will be £500m each pay next year, £1,493 billion in 2013!!! 
This is just a form of theft. They haven't done anything that couldn't have been done by someone else for much less pay.
and with each passing day, betfair buy back more of it's shares, the market value of betfair goes down
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