NEWS

Tesco boss misses out on bonus in 2013/14

Published on: 22nd May 2014

Tesco chief executive Philip Clarke and Laurie McIlwee, the outgoing finance director, will not be paid an annual bonus for 2013-14.Tesco-Logo-300

The news comes in a year when Britain’s biggest retailer posted a 6% fall in profit. The firm’s annual report showed that neither of the men received a bonus for the year to February 22nd.

The short-term bonus available is 50% based on the company’s profitability, 26% on strategic financial performance and 24% on strategic non-financial performance.

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