Tesco chief Leahy earns £3.98m wage

TESCO chief executive Terry Leahy was paid almost 25% more in Tesco’s last fiscal year.

Mr Leahy, aged 50, was paid £3.98 million (€5.8 million) in salary, bonus and benefits in the year ending February 25, according to Tesco’s annual report.

He was paid £3.19m (€4.6m) in fiscal 2005. Leahy’s basic salary climbed 5.8% to £1.1m (€1.6m). Last month, Tesco reported net income of £1.57 billion (€2.2 billion).