Tesco CEO's Pay Surges to Nearly £10 Million Amid Profit Boom
Ken Murphy's compensation more than doubles as Tesco reports record profits, sparking debate over executive pay during cost of living crisis.
- Ken Murphy's pay package for the past year reached £9.93 million, up from £4.95 million in 2023.
- Tesco's profits soared to £2.3 billion, a 159% increase from the previous year.
- Murphy's pay is 430 times the average Tesco worker's salary, raising concerns among unions and campaigners.
- Tesco defended the pay increase, citing strong performance and competitive industry standards.
- The company faces criticism for high executive pay while many customers struggle with rising living costs.