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Tesco board faces heat over CEO’s 10 million pound pay package
The board of Tesco, Britain’s biggest supermarket group, will be asked to justify chief executive Ken Murphy’s near 10 million pounds ($13 million) pay package when it faces shareholders at its annual meeting on Friday. Tesco’s annual report, published last month, showed Murphy was paid 9.93 million pounds in the year to Feb. 24, 2024, up from 4.44 million pounds in 2022/23. His pay was 430 times what the average Tesco employee earns, according to responsible investment group ShareAction.
Reuters•
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