NewsHR Strategy News
NewsHR Strategy News

Bet365 boss earns 2,692 times more than Father Christmas

By Darius McQuaid

-

It has been predicted that Father Christmas would earn £120,000 annually, whereas the founder of Bet365 took home £323 million this year.

City Lit predicted this annual salary for Father Christmas, which was given to him based on the average CEO. Denise Coates, co-founder of Bet365 earns 2,692 times more than Saint Nick.

Bet365 is jointly owned by Ms Coates and members of her family, such as her brother John and her father Peter.

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

The company brought in a profit of £791 million in 2019, which is an increase of £661 million the previous year.

Father Christmas could possibly receive a £30,000 bonus if all children of the world received a present on Christmas day. In order to achieve this bonus, Father Christmas would have to travel 160,000,000km in 24 hours.

In order to prepare for the day, City Lit believes Father Christmas’s elves would most likely have studied courses such as clothes and toys making, computer studies and teamwork.

Ms Coates is now the highest paid CEO in the UK and earns more than Boris Johnson.

Luke Hildyard, a campaigner for the High Pay Centre, a think tank which researches and carry out issues relating to top incomes said:

This looks like cynical timing, sneaked out straight after a general election campaign where excess wealth, taxes on the rich and the vast gap between those at the top and everybody else have been key issues.

It’s important that wealth and how it’s created and shared are properly debated. But the publication of these figures seems designed to avoid scrutiny, suggesting that even Bet365 recognises that, while business success should be rewarded, such a colossal payout goes far beyond what is fair or proportionate.

City Lit is a provider of short courses for adults.

Darius is the editor of HRreview. He has previously worked as a finance reporter for the Daily Express. He studied his journalism masters at Press Association Training and graduated from the University of York with a degree in History.

Previous article
Candidates are ‘professionally ghosting’ potential employers
Next article
Phillipa Hurrell: 5 ways to help you overcome imposter syndrome

Latest news

White Papers

Personalising the Benefits Experience: Why Employees Need More Than Just Information

This article explores how organisations can move beyond passive, one-size-fits-all communication to deliver relevant, timely, and simplified benefits experiences that reflect employee needs and life stages.
Wellbeing Analysis

Grant Wyatt: When the love dies – when staying is riskier than quitting

When people fall out of love with their employer, or feel their employer has fallen out of love with them, what follows is rarely a clean exit.
Reward News

£30bn pension savings window opens for employers ahead of 2029 reforms

UK employers could unlock billions in National Insurance savings by expanding pension salary sacrifice schemes before new limits take effect in 2029.
Global Mobility News

Expat jobs ‘fail early as costs hit $79,000 per worker’

International assignments are ending early due to family strain, isolation and poor preparation, as rising costs increase pressure on employers.
- Advertisement -
Inside HR: Upcoming Webinars

The Great Employer Divide: What the evidence shows about employers that back parents and carers — and those that don’t

Understand the growing divide between organisations that effectively support working parents and carers — and those that don’t. This session shows how to turn employee experience data into a clear business case, linking care-related pressures to performance, retention and workforce stability.
Employment Law News

Scott Mills exit puts spotlight on risk of ‘news vacuum’ in high-profile dismissals

Sudden departure of a long-serving BBC presenter raises questions about how employers manage high-profile dismissals and limit speculation.

Must read

Analysis

Linda Morey-Burrows: How can office space affect your workplace wellbeing?

According to Linda Morey-Burrows, there are a number of fundamental basics that must be considering when designing an office space to co-operate with a wellbeing strategy.
Analysis

Microsoft shows the way with paid-parental leave for subcontractors

In 20 years of business I’ve lost count of how many days, weekends, public holidays and even a couple of Boxing Days that I’ve spent or wasted on arduous, bureaucratic procurement exercises jumping through hoops to show a company that we can do the job for them and meet their often oddball standards for suppliers.
- Advertisement -

You might also likeRELATED
Recommended to you

Editor's Picks

Co-op chief executive steps down after ‘toxic culture’ claims

Senior staff concerns over fear and silence at major UK retailer coincide with a leadership exit after a turbulent year.
William Furney -
Editor's Picks

Coldplay kisscam HR boss ‘can’t get a job’ as ex-CEO ‘lands offers’ after viral scandal

An HR executive caught in a viral concert clip says she cannot find work months later, raising questions about unequal treatment after workplace scandals.
William Furney -
HR Strategy News

Most organisations lack a strategy to communicate workplace change: report

Many organisations are introducing workplace changes without clear communication plans, while growing message overload is increasing burnout.
William Furney -
HR Strategy News

Money worries drive surge in workplace absence as four in five staff take time off

Financial stress is driving workplace absence and reduced performance, with most UK employees taking time off.
William Furney -