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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Ocado boss Tim Steiner’s near £100m in pay raises ‘serious concerns’

An Ocado delivery van with purple fig imagery and white branding on its side
Shares in Ocado fell this week on reports of Tim Steiner’s potential exit, sinking to as low as 172.2p, short of the 2010 float price of 180p. Photograph: Toby Melville/Reuters

The boss of Ocado has collected nearly £100m since the online grocery company floated on the stock market in 2010 despite its share price now languishing below its flotation level, analysis has shown.

Tim Steiner, a former Goldman Sachs trader who co-founded the British technology company in 2000, is thought to be in discussions over his future after it emerged Ocado had approached at least one potential replacement.

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