​Coupe’s pay attacked by shareholders and MPs

Mike Coupe

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.

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