Tesco CEO Ken Murphy’s Pay Rises to £10.8 Million as Market Share Hits 28.1%

2 articles · Updated · The Guardian · May 15

£10.8 million — up about £1 million from a year earlier — was awarded to Tesco CEO Ken Murphy after the grocer reached its highest UK market share in a decade.
28.1% market share and stronger earnings underpinned the increase: Tesco now takes more than £1 in every £4 spent on groceries in Britain, helped by weaker rivals Asda and Morrisons.
£5.7 million of Murphy’s package came from long-term incentives, though the payout was cut to below the maximum after Tesco missed a food-waste goal and delivered only 1 percentage point of 8.3 available for DEI measures.
Tesco has now dropped food waste from this year’s long-term bonus scheme, replacing it with a market-share target, even as it says it still aims to halve food waste by 2030 and had cut it 24% by last year.
£2.4 billion in annual profit, up 8.5%, and £66.6 billion in sales, up 4.3%, also triggered a £65 million staff bonus pool — about £347 on average for a full-time worker.

With the CEO's pay hitting £10.8M, are frontline staff getting their fair share of Tesco's success?

Tesco's profits are soaring, but is its commitment to tackling food waste being quietly abandoned?

Is Tesco's record market share built on its own success or just the failures of its rivals?