Hills CEO receives £930k bonus
Accounting for his basic salary and other payments, Ralph Topping took home more than £1.7m in 2011.
William Hill chief executive Ralph Topping (pictured) was awarded a bonus of £930,000 last year, bringing his total pay packet up to more than £1.7m for 2011.
Chief financial officer Neil Cooper was awarded a bonus of £428,640 on top of a basic salary of £370,000, increasing his total pay-packet by 57%. Topping’s increase was just 3.8% year-on-year.
The CEO’s basic pay increased by 11.1% year-on-year to £600,000, following on from a 13.7% rise over the previous 12 months. Last year’s increase sparked a “rebellion” from shareholders at the 2011 AGM, with one third of them voting against the increase.
Last week eGaming Review reported that the chief executive of another London-listed bookmaker, Ladbrokes’ Richard Glynn, received a bonus of £491,000 despite the operator’s online decline.
In its full-year results for 2011, William Hill recorded online net revenue growth of 28% while its online operating profit rose by 17% over the same period.