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bet365 boss pays herself £265 MILLION

Discussion in 'General Discussion' started by BoyceyLDN, 21 Nov 2018.

  1. robfosters

    Caporegime

    Joined: 1 Dec 2010

    Posts: 39,133

    Location: Welling, London

    Such a shame the way people think. Pure jealousy.

    Her tax bill and charitable donations amounts to enormous amounts of money, the majority of which will help less fortunate people, yet still people say she shouldn’t have what she has. What’s the point in trying to make something of yourself when jealous people just want to take it off you?
     
  2. pp111

    Wise Guy

    Joined: 22 Oct 2018

    Posts: 2,431

    Arguably the boss is stealing from the employees, since the boss is taking a much bigger share of the money made by the employees. I mean you can choose to see it whatever way you want, but to my mind, neither the boss nor the employees can make money without the other, so it is immoral in my opinion that the boss takes an overwhelming share of the profits. A bigger share, yes, but not a ridiculous share.
     
  3. robfosters

    Caporegime

    Joined: 1 Dec 2010

    Posts: 39,133

    Location: Welling, London

    If she started doling out her millions to the staff, she wouldn’t have any left before long.

    That’s what people don’t understand. A successful economy and workforce relies on a financial hierarchy.
     
  4. Surveyor

    Capodecina

    Joined: 5 Sep 2010

    Posts: 23,909

    Giving all the employees £10k each would still leave her with over £420m. £50k each and she'd still have over £230m.
     
  5. omnomnom

    Capodecina

    Joined: 9 Mar 2012

    Posts: 10,408


    No one should be getting that kind of money per year. It's just greed at this point.
     
  6. Trusty

    Capodecina

    Joined: 12 Mar 2006

    Posts: 13,112

    Location: In The Sea Of Leveraged Liquidity

    Well the people that can organise a business to make that amount of money are in far less supply, so thats a ratio worth considering. If someone was to look at it properly and look at all the data, you'd probably find her take home pay should be higher considering the short supply of people that can actually manage the job.

    In term of workers getting a higher share of economic output, i agree with that. We need to reduce inequality, i just don't agree with capping wealth though. A ground up approach would be better rather than top down approach
     
  7. pp111

    Wise Guy

    Joined: 22 Oct 2018

    Posts: 2,431

    Yes, I would agree with that.
     
  8. Jintsay

    Associate

    Joined: 22 Feb 2013

    Posts: 67

    The OP quote mentions that problem gamblingis spiralling out of control. Pretty sure that it is actually decreasing according to the UKGC figures. At least that's what was said to me on a training course about a year ago.
     
  9. EdGey

    Sgarrista

    Joined: 21 Jan 2008

    Posts: 8,191

    Location: England

    To me this serves only to highlight how dreadful a nasty betting habit is...
     
  10. ghutchison14078

    Perma Banned

    Joined: 15 Apr 2010

    Posts: 11

    The house always wins.......
     
  11. SexyGreyFox

    Man of Honour

    Joined: 29 Mar 2003

    Posts: 52,354

    Location: Stoke on Trent

  12. subbytna

    Capodecina

    Joined: 22 Oct 2008

    Posts: 10,066

    Location: Belfast

    Yep.

    Filthy nasty murky world that only benefits one side and ruins the other.
     
  13. ArchAnGeL

    Wise Guy

    Joined: 4 Apr 2003

    Posts: 1,801

    Location: Manchester

    We should be holding this lady up as an absolute icon
    She had the vision and took the risks to develop that business into what it is today. I am sure she paid some others quite well in the process for their input but I don't agree with all this 10 k to all employees etc. They are paid their contract rate for the work they do. I have no idea if this incorporates bonuses or not but the value they are contributing to the business and personal risk they have put themselves is not equal to the owners
    If the employee pay is not competitive for the jobs the general staff do, then this should certainly be addressed ahead of such a high CEO salary but I have not read anything to suggest this
    If you want your personal wealth to grow linked to a businesses success, start one yourself or buy some shares and take the risk that comes with it
    As mentioned already, imagine her personal and business tax bill on top of the other amounts she gives and ask if this business could also be run successfully offshore with a fraction of that going to HMRC but they choose not to
     
  14. SpeedFreak

    Soldato

    Joined: 14 Nov 2002

    Posts: 7,107

    Location: Bristol

    I agree, can't abide by the industry but compared to knighthood wielding Monte Carlo tax Dodgers I have to respect her.
     
  15. marl

    Mobster

    Joined: 16 Jun 2004

    Posts: 2,726

    Crazy crazy money... and from a business that has destroyed some peoples lives. Sure, the owner has done nothing wrong and is to be admired for her acumen and ability to build up such a business. But if this business can afford to pay her this kind of money, then equally it can afford to pay a lot more in taxes to help offset the damage caused by those who become addicted to it....
     
  16. SpeedFreak

    Soldato

    Joined: 14 Nov 2002

    Posts: 7,107

    Location: Bristol

    But the best possible outcome is her paying income tax, it's much higher than corporation tax.
     
  17. marl

    Mobster

    Joined: 16 Jun 2004

    Posts: 2,726

    Perhaps then some kind of tax on the companies profits as well? Something that could be paid to rehab programmers?
     
  18. SpeedFreak

    Soldato

    Joined: 14 Nov 2002

    Posts: 7,107

    Location: Bristol

    Professional gamblers register and a deposit limit based on proof of earnings for casual gamblers is probably one way.