Ladbrokes pockets huge bonus

 LADBROKES boss Richard Glynn reportedly pocketed a £491,000 bonus last year despite profits falls and failing to hook up with an online gambling company, according to The Telegraph.

The figures were released in Ladbrokes’ annual report. The Telegraph reported: “No awards were made to any existing directors under the company’s performance share plan, where Mr Glynn could have received shares worth 175pc of his salary, after Ladbrokes missed targets for total shareholder return and earnings per share.”

It’s also been reported that Glynn’s total pay is £200,000 higher than previous years and earns less than former finance director Brian Wallace. The Telegraph added: “He quit on February 17 and left at the end of August – but his pay still rose from £1.23m to £1.35m. That was thanks to him negotiating a controversial £350,000 retention bonus after the departure of Mr Glynn’s predecessor, Chris Bell.”