Tesco chief executive Sir Terry Leahy was paid almost 25% more last year than in the previous 12-months, pocketing almost GBP4m (US$7.54m) in salary, bonus and other benefits for the year to 25 February, up from GBP3.2m the previous year.
Go deeper with GlobalData
Tesco’s annual report revealed that Leahy’s basic pay grew by only 6% to GBP1.1m while performance related benefits increased by 44% to GBP97,000. Leahy was also awarded 1.28m shares.
Details of the pay rise come weeks after Tesco reported full-year profits of GBP2.3bn.
