Ladbrokes' Richard Glynn homes in on £2m jackpot The chief executive, who earned a basic salary of £580,000 last year, is finally on track to land the first 1m tranche, which vests if the shares reach £2 and stay at that price or higher for 30 consecutive days. They breached £2 on the Thursday before Christmas and have so far held their form over the festive season, despite closing down 0.6 at 200.1p yesterday. Mr Glynn has, however, always maintained he was merely examining acquisitions to see if they could provide a quicker route to enhancing Ladbrokes" business - and particularly its digital betting arm that continues to lag behind rivals. Despite a £50m spend, Ladbrokes missed its original aim of launching a revamped website in time for the Euro 2012 football championship. At a trading statement in October, Mr Glynn said he planned to "complete the roll-out of the digital sportsbook and migration of customers" by the end of the first quarter of 2013. He has had much more success with the betting shops, however, particularly in improving income from gambling machines. Of Mr Glynn's potential bonus, a Ladbrokes spokesman said: "We're not watching the share price every day. It's a stayers race, not a sprint.