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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Tesco boss’s pay rises by more than £1m to £10.8m after market share surge

Ken Murphy outside a Tesco store
Murphy’s long-term bonus was almost a quarter lower than the maximum possible as he failed to hit Tesco’s food waste target. Photograph: Parsons Media/Reuters

The boss of Tesco made £10.8m last year, about £1m more than the year before, as the UK’s biggest supermarket hit its highest share of the market in a decade.

Ken Murphy could make even more this year after being handed a 3% rise in basic pay to £1.54m and cutting food waste was scrapped as a target for his long-term bonus, according to Tesco’s annual report.

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