One of the world’s highest-paid business executives has taken a pay cut - and now earns £271m 💷 It comes after a report found FTSE 100 bosses are likely to have made more money just three days into 2023 than the average UK worker for the whole year
The Stoke-based executive’s giant pay packet is only surpassed by a handful of executives in the US including Elon Musk and Apple’s Tim CookOne of the world’s highest-paid business executives has taken a pay cut.
The business turned over £2.9bn, a rise of 2 per cent compared with the 2020-21 but operating profits dropped to £15.4m as it embarked on a global expansion, particularly targeting North America after a Supreme Court ruling allowed states to legalise sports betting in 2018. She runs the company alongside her father, Peter, who is chairman, and brother, John, who run Stoke City football club.
Details of her salary come after a report found that bosses at Britain’s biggest companies are likely to have made more money just three working days into the year than the average UK worker will earn for the whole of 2023.. that by 2pm on the third working day of the year, a FTSE 100 chief executive will have been paid more on an hourly basis than a UK worker’s annual salary, based on median average pay for both groups.
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