• Text size      
  • Send this article to a friend
  • Print this article

Tesco bosses miss out on their annual bonus again

TESCO bosses are missing out on an annual bonus again, according to the annual report of the supermarket giant.

The document states chief executive Philip Clarke and outgoing finance director Laurie McIlwee will not receive any long or short-term bonus payments for the 12 months to February 22 when Tesco profits fell by six per cent.

Neither executive received a bonus in the previous financial year.

However, Mr Clarke still received a package worth more than £1.6 million, up from £1.28m, made up of a £1.1m basic salary, £101,000 of benefits and £391,000 of pension payments,

The benefits included sums of £45,000 for a car, £27,000 for drivers and £13,000 on security.

According to the report, Mr McIlwee took home in excess of £1.5m, which was up from £1.36m, and will receive a near £1m severance package.

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.