Ladbrokes | Execs scoop £5m bonus despite 14k staff being furloughed

The coronavirus pandemic has caused a wealth of financial uncertainty for both businesses and its staff members.

To weather the crisis, some employers have had to cut jobs, reduce staff and executive pay while others have received support from the Chancellor of the Exchequer Rishi Sunak’s ‘unprecedented’ furlough scheme, which currently pays 80% of staff wages.

Yet, Ladbrokes Coral owner GVC has been met with hefty criticism after handing whopping share bonuses to top execs, while 14,000 staff members were furloughed under the UK Government’s Coronavirus Job Retention Scheme (CJRS).

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According to Yahoo! Finance, the Chief Executive Kenny Alexander has been given shares worth £3.3million, while Chief Financial Officer Rob Wood has been handed shares worth £1.4million.