Tesco said it is set for a booming summer of sport today, though it does have to fend off a row about CEO Ken Murphy’s £10 million pay deal.
Murphy will face some heat at today’s AGM over his £10 million pay package.
Dan Howard, Head of Good Work at ShareAction, said:
Murphy said: “I absolutely accept that I am well paid.” His pay doubled from £5 million last year.
Tesco shares rose 5p to 308p, which leaves the company valued at £21.3 billion.