Investors at a string of Britain's largest companies have been warned over rich rewards handed to executives.
Shareholder advisers at ISS have raised the red flag after Flutter – the owner of BetFair and Paddy Power – hiked its chief executive's pay by 17.5 per cent following a merger with Canadian rival The Stars Group.
It said the board had awarded Peter Jackson 'a significant salary increase' that then boosted other bonuses calculated from base pay. It took his total pay to £7.5million.
Increase: Flutter – the owner of BetFair and Paddy Power – hiked its chief executive's pay by 17.5 per cent
The rise followed the merger last year to create a firm worth £16billion, more than doubling its previous value.