Wagering giant Tabcorp was hit with a 34 per cent protest vote over executive pay on Wednesday, after it attempted to reward its CEO despite challenging market conditions and a reduction in the size of the company after spinning-off The Lottery Corporation.
It is the first strike for Tabcorp since 2018. More than 25 per cent of votes cast against a resolution are necessary to incur a strike. Lottery Corp, which held its AGM last week, skirted a strike with 23.1 per cent of votes cast against it.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
