Ralph Topping, boss of bookmakers William Hill, has grabbed a £1.2 million share package—to tempt him away from retiring.
His basic salary will go up by £60,000 to £600,000. He’ll also get a one-off “retention award” of 552,995 shares at 217p each.
A recent survey by pay consultancy MM&K and corporate governance group Manifest showed that blue-chip company bosses snaffled an average pay rise of 32 percent last year.
Workers got an average 2 percent—which is a cut as it’s below inflation.