The Plane Truth: Entain CEO Accused of Overuse of Private Jet
Entain CEO Jette Nygaard-Andersen is under fire. As reported here on Gambling911.com, the Financial Times on Sunday confirmed over 20 current and former Entain executives, advisers and investors they interviewed expressed growing dissatisfaction with the current leadership.
A 40 per cent share price slump since August has slashed its market capitalisation to £5.1bn, according to The Times.
And now we are learning the extent of how those within Entain apparently disdain Nygaard-Andersen.
Next Gaming featured a headline "Private Jette" to an article that's a play on the CEO's name and her reportedly "overuse of a private jet".
Next Gaming says that's what some of her employees refer to her as. Her rule has been described as "organized chaos" by some execs interviewed by the FT.
From Next Gaming:
Several investors have backed the potential appointment of Ricky Sadler, founder of activist investor group Eminence Capital, which would lead to “enhanced scrutiny and an awareness that management and the rest of the board are under the microscope.”
Shareholders will undoubtedly now be hoping for a swift resolution to internal conflicts, and for Entain to put itself unequivocally on the road to recovery after a rocky few years.
Last week, Entain was ordered by a London court to pay £615mn to resolve the bribery matter.
- Jagajeet Chiba, Gambling911.com
