Friday, May 13, 2022

Tesco CEO Bumper Bonus

 Tesco's  chief executive Ken Murphy’s pay package included a £3.21m bonus, while the finance director, Imran Nawaz, earned a £1.24m bonus – taking his total to £5.4m for the year, including a £3.5m “golden hello” relating to bonuses he lost out on in leaving his former employer, Tate & Lyle.

TUC general secretary, Frances O’Grady, said: "A Tesco customer assistant would have to work for 267 years to get what the Tesco boss was paid for just one year. "

Murphy’s and Nawaz’s pay is dwarfed by the total of £10.5m paid out to Tesco’s former finance director Alan Stewart in the past year, including £8.58m from cashing in share awards related to historic performance by the business that matured on his exit on top of £1.95m in pay. Former chief executive Dave Lewis also continues to benefit from his time at Tesco, with £1.89m from a deferred bonus and share award paid out last summer.

Tesco criticised as chief pockets £4.75m amid soaring prices | Tesco | The Guardian

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