CEO Mitch Garber made a cool ₤1.7 million this week by selling 4.3 million shares as part of his executive remuneration package, which permits him to cash in his share options at the end of each quarter. And this all happened when the share was standing at the present price of 40p per Party Gaming share. But the top gambling group executive spread some of the joy around, too, by gifting 300,000 of his options to the company employee benefit trust with the suggestion that the criteria for reward should be ‘outstanding effort by employees’. According to UK business press articles, Garber now holds 4.5 million shares in Party following his big cash-in. Earlier this year he sold off 3.3 million shares for around ₤1.1 million. Posted on: June 29, 2007
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