Mor Weizer, Playtech’s chief exec, was paid £4.2m in 2017
The boss of gambling software firm Playtech was slapped down by investors over his 78 per cent pay rise.
At the annual general meeting, nearly three in every five shareholders opposed the firm’s remuneration report.
It comes after Mor Weizer, Playtech’s chief executive, was paid £4.2million in 2017, up from £2.3million the previous year, and despite a profit warning in November.
The re-election of pay committee boss John Jackson was opposed by 43 per cent of shareholders, and company chairman Alan Jackson’s re-election was resisted by 35.2 per cent.
Playtech, founded by Israeli billionaire Teddy Sagi, has major clients in the betting industry, such as Ladbrokes Coral, and tried to limit the damage by meeting investors to soothe concerns.
It also defended Weizer’s lavish award, praising his ‘exceptional leadership’.
The Isle of Man-based company’s shares have lost nearly a fifth of their value in a year.