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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Tesco criticised as chief pockets £4.75m amid soaring prices

Ken Murphy
Ken Murphy joined Tesco, the UK’s biggest supermarket chain, in October 2020. Photograph: Parsons Media/Reuters

Tesco has been criticised for paying its chief executive £4.75m last year, including the highest annual bonus awarded by the supermarket since 2016, as families struggle with rising food costs.

Ken Murphy’s package included a £3.21m bonus, while the finance director, Imran Nawaz, earned a £1.24m bonus – taking his total to £5.4m for the year, including a £3.5m “golden hello” relating to bonuses he lost out on in leaving his former employer, Tate & Lyle.

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