Kenny Alexander pay cut unlikely to prevent GVC shareholder revolt

The “exasperated” GVC CEO voluntarily sacrifices six-figures as investor tension builds ahead of AGM pay report

GVC Holdings CEO Kenny Alexander has voluntarily taken a six-figure pay cut to try and appease the growing tension between management and investors at the London-listed company. Several key GVC backers, including Merian Global Investors, have confirmed they will vote against a pay increase at next month’s Annual General Meeting (AGM), despite Alexander reducing his…

Finance | GVC Holdings | Kenny Alexander | Ladbrokes Coral | Strategy