Flutter executives Peter Jackson and Jonathan Hill lost out on more than £5 million [$6m] in bonuses between them as the Irish betting giant missed targets last year, its annual report says.
The report, published on Thursday, shows that the group paid Mr Jackson, its chief executive, £4 million last year against £7.26 million in 2021. His colleague, Mr Hill, chief financial officer, received £2.38 million in 2022, from £4.2 million the previous year.
Flutter paid both men lower bonuses in 2022 as the Dublin-headquartered group undershot targets that determine how much they receive in performance-related pay.
The group more than halved Mr Jackson’s annual cash bonus to £1.1 million from £2.6 million in 2021, while it cut his long-term incentive payments, designed to anchor executives in a particular job, to £1.66 million from £3.6 million.
