Playtech shareholders vote against CEO pay package

Business News

Playtech is facing a backlash from investors over a 78 per cent pay rise for chief executive Mor Weizer in 2017, despite the gambling and gaming software business issuing a profit warning for the year.

Mr Weizer was paid almost £4.2m in 2017, up from £2.3m in 2016, for his “exceptional leadership”, despite a slowdown in profit growth

Two large shareholders warned on Monday that they would vote against the pay report, as well as Alan Jackson, chairman of the board who also sits on the remuneration committee, and John Jackson, the remuneration committee chairman, over long-running concerns about pay and corporate governance