Sainsbury’s boss Mike Coupe has been criticised by shareholders and MPs for his £3.9m pay-packet.
The sum represents an uplift of 7% from the previous year despite the failed merger with Asda.
“The [remuneration] committee have failed to outline the impact, if any, of the failed deal on the bonus outcomes of the executives, particularly in light of share price performance as a direct result,” said shareholder advisory firm Glass Lewis, according to a report seen by The Daily Mail.
Siobhain McDonagh MP said Coupe should consider giving up some or all of his bonus, saying that retail staff were treated poorly in comparison with their bosses.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.