In the News
Who is Britain's Best Paid Boss?
8th January 2024
The answer is Denise Coates, Managing Director and Co-Founder of Bet365. In the year to March 2023, Coates was paid about £221 million. The founder also took at least £50 million in dividends despite gambling group’s £72.6 million pre-tax loss.
Bet365 boss Denise Coates sees pay jump to £221m https://t.co/Ga5efkkeOL
— BBC News (UK) (@BBCNews) January 8, 2024
Graham's comments:
Here's a conundrum for free market economists. Is there a justification for Denise Coates having earned £270m in salary and bonuses in the past year? We're meant to believe that pay is determined by the marginal productivity of the worker. So does Ms.Coates have a daily marginal revenue product of £1m?
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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