Socialist Worker

William Hill boss gets £1.2 million handout

Issue No. 2256

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.


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News
Tue 14 Jun 2011, 18:17 BST
Issue No. 2256
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