How Can They Account For This Much

[emmie]

money to be paid to one person. Does seem rather a lot, or is that an understatement.

https://www.bbc.co.uk/news/business-46289499

[Mamyalynne]

Do you mean justify it?

I'm not sure they have to - Denise has come a long way from starting up in a PortaKabin in 2000.

Mind blowing numbers aren't they?

[Guilbert53]

Looks like we posted pretty much at the same time

Here is my question.

https://www.theanswerbank.co.uk/News/Question1633083.html

[andres]

It is a privately held, mainly family business that she runs so I don't suppose anything can be done about how much she pays herself. Excessive though it is.

[youngmafbog]

So where do you stop? It's not tax payers money and in fact her and her company are probably paying a lot in tax.

If a, particularly private, company brings in the profit then the owners can take the profit. Anything else becomes Marxism/Communism.

[sandyRoe]

She must pay a great deal of tax.

[Rockrose]

Its called business for a reason - if you don't gamble you are not affected.

[emmie]

i just thought it a rather large sum from such a business as gambling, which for many causes so much misery.

[AuntLydia]

A self-made woman who is based in the UK and pays her dues. Whats not to like. She provides a legal service (betting) someone else would if she did not.

[youngmafbog]

"which for many causes so much misery."

I'd wager that the majority do not fall into this category. :-)

[tamborine]

misery? Lots buy lottery, scratchcards, postcode wins etc. You gotta be innit to win it!

Best design a gambing website for million$$$$ income.

[emmie]

i wouldn't wager anything but would like to say that the gambling industry has a lot to answer for, i know its up to the gambler to bet sensibly, but the bookie always wins.

[youngmafbog]

Emmie - it was a bit TIC, although I do believe there is some truth in what I wrote.

I do accept there are those that suffer though but as I wrote above where do you stop with shops selling 'addictive' wares?

[emmie]

sorry guilbert.

[emmie]

interesting piece in the Guardian, more addicted than was first thought, 2 million is a lot of people.

https://www.theguardian.com/society/2017/aug/24/problem-gamblers-uk-gambling-commission-report

[Peter Pedant]

she says she is ! ( worth it)

it is a private firm so she can pay herself what she likes
turnover - $53bn with a profit of £600m

pay - 40% goes to the treasury as income tax
if it really is 'pay'

[sevenOP]

< turnover - $53bn > P.P
"Total turnover for the 12 month ended March 25th, 2018 grew to £2.86bn, driven largely by growth in sports and gaming turnover, which climbed to £2.71bn. Customers bet a total of £52.56bn over the year, a 12% increase from the operator’s previous financial year... As a result total operating profit grew to £660.3m, with net profit rising 28% to £587.6m after £78.2m was paid out as taxes." ie 13.3% in taxes.
https://totallygaming.com/news/betting/bet365-posts-growth-turnover-and-profit-latest-results

And the BBC claim "UK's best-paid boss" is yet another unprovable *claim - albeit very trendy in the current 'gambling is bad' distraction from the vastly! greater financial fraud that is and has been going
for decades in front of the BBC, Financial Times, governments, et al, by the "Financial Services" in Britain:
*

[cassa333]

She could fund a charitable foundation to combat gambling addiction and still have plenty left over for her private island.

She pays more tax than all the media giants anyway.

[Old_Geezer]

Anything else becomes a sensible moral framework within which responsible capitalism can flourish.