May 14, 2024
Tesco chief's pay more than doubles to £10m
The boss of Tesco has seen his pay package more than double to £10m following a bumper share award. Ken Murphy, who took over as chief executive of the UK's largest supermarket group in October 2020, was paid £4.7m in salary and bonuses for the past year. The rest came from shares that were awarded to Mr Murphy when he joined and paid out this year after he surpassed a number of performance targets. For the coming year, Mr Murphy's basic salary will be increased by 3% which Tesco said is below a raise for its UK hourly-paid colleagues. Tesco staff earn £12.02 or £13.13 an hour depending on where they work.
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