“Theresa May announces crack down on Executive Pay” read the headlines this week, just as disgraced former HBOS executive, Andy Hornby, pocketed a whopping £7.8 million from the newly merged Ladbroke Coral group.
That’s right, the man who knowingly mis-sold PPI to unsuspecting UK consumers for years and made millions from it, moved on to pillage and rape yet another company – and got away with it again!
But, Hornby’s multi million windfall pales into insignificance compared to that of his boss, Jim Mullen – the CEO of the new gambling conglomerate. Rumour has it that after an extensive career at Ladbrokes spanning a whole 2 years, he is set to get over £20 million despite question marks over his handling of issues concerning the rape and murder of his staff by FOBT users.
Then you’ve got the “Arthur Daley” of the bookmaking world, Fred Done – the man who linked his workers BASIC wages to his “crack cocaine machines”, then offered them pay day loans at 39.9% APR. Walk into any Betfred shop and ask punters and staff what they think of the “Bonus King” – if you are offended by expletives, cover your ears.
In September 2016, an Australian study found that about one in five corporate executives are psychopaths – roughly the same rate as among the prison population. One wonders whether the bookmaking sector needs to recruit more psychiatrists!
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