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Chris Hughes

Tesco Boss’s £3.2 Million Bonus Is a Terrible Look

Ken Murphy received a jumbo award, most of which was driven by the company’s resurgent profit. But how much of that was really down to him personally?

Tesco Plc And Marks & Spencer Group Plc Stores Ahead Of Sales Figures
Photographer: Chris Ratcliffe/Bloomberg

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It’s hard to accept that Tesco Plc boss Ken Murphy deserves the full £3.2 million ($3.9 million) top-up he received in addition to his £1.5 million fixed pay for its last financial year. The award points to a badly designed bonus plan which can pay jumbo rewards on very crude metrics.