Tesco avoids AGM revolt over CEO pay rise

Ken Murphy Tesco

Tesco has avoided a rebellion at its AGM as investors backed chief executive Ken Murphy’s pay rise.

ShareAction had been critical of the move, saying: “In a world where Tesco is making £2.3bn profit a year, paying those who keep the stores safe and clean the real living wage shouldn’t have to be asked for – it should be automatic.”

 

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