Future Of British Business
Tesco CEO Takes Home £4.7 Million Amid Food Poverty Crisis
A Tesco supermarket in Chelmsford, UK.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
The chief executive officer of Tesco Plc received 4.7 million pounds ($ 5.7 million) last year after he helped steer Britain’s biggest grocer and private sector employer through the Covid-19 pandemic.
Most of Ken Murphy’s bumper package was driven by performance-related bonuses for helping Tesco manage severe staff shortages, panic-buying and major supply chain blockages as covid infections surged in Britain. Murphy’s basic salary was 1.52 million pounds in the year to February.