Ex-chairman loses £2.3m Sainsbury bonus

Sainsbury’s today said it had reversed its controversial decision to give former chairman Peter Davis shares worth about £2.3m (€3.4m).

Ex-chairman loses £2.3m Sainsbury bonus
Thu, 08 Jul, 2004 - 16:58

Sainsbury’s today said it had reversed its controversial decision to give former chairman Peter Davis shares worth about £2.3m (€3.4m).

The group’s pay committee said in a statement that it was unable to support its original recommendation to award 864,000 shares to Sir Peter for 2003/4.

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