Tabcorp boss Adam Rytenskild's offensive comment revealed as he stands down ... trends now
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The deeply offensive comment allegedly made by the high-flying boss of Tabcorp which cost him his $2million-a-year job and $10million bonus has been revealed.
Adam Rytenskild, 52, tendered his resignation as chief executive on Thursday, effective immediately, over the 'inappropriate and offensive' language at work.
It followed the Tabcorp board deciding the language allegedly used was 'inconsistent' with his continued leadership.
Mr Rytenskild allegedly called the woman a 'useless c**t', 'or words very close to that effect', in front of a number of people, The Australian reported.
Rytenskild is said to have made the remark about a senior female figure in the gaming regulatory industry, who was not present.
Adam Rytenskild (pictured centre with sporting couple Candace and David Warner in 2022) has been forced to resign amid claims of inappropriate and offensive language
Mr Rytenskild has since said that he doesn't recall making the alleged comment.
Despite racking up almost 24 years with the gambling giant, he will only receive a termination payment and has forfeited any bonuses.
His resignation has cost him up to $10m in unvested shares and options.
It's been reported that Tabcorp engaged external lawyers to probe into the allegations after a complaint was made a fortnight ago.
The company board ruled to terminate his
