Boss of Britains Tesco made $5.8 million in 2021-22

div classBodysc17zpet90 cdBBJodivpLONDON Reuters – Ken Murphy, the CEO of Tesco, Britain‘s biggest retailer, received a total pay package of 4.75 million pounds 5.8 million in 202122 and has been awarded a salary increase for the current year, the group’s annual report showed.p

pPublished on Friday, the report said Murphy, who joined Tesco in 2020, had fixed pay of 1.54 million pounds and performance related pay of 3.21 million pounds.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pIt said Murphy would get a salary increase of 2.25 in 202223, which it noted was below the increase given to Tescos hourly paid store and customer fulfilment centre staff of 5.8.p

pLast month, Tesco reported a 36 jump in profit for 202122 but warned of a drop this financial year as surging inflation piles pressure on the supermarket group and its customers alike.p

pNews of Murphys pay package comes three days after Tesco chairman John Allan told BBC radio he had witnessed Tesco customers rationing their food purchases.p

pHe said the UK was “seeing real food poverty for the first time in a generation” and called on the government to do more to help those suffering the most from the cost of living crisis.p

p1 0.8187 poundsp

p

pp Reporting by James Davey, Editing by Paul Sandlep

divdivdiv classBodysc17zpet90 cdBBJodivdivdiv