Cork boss of Tesco sees pay rise to £10.8m

UCC graduate heads one of the largest supermarket chains across the UK and Ireland

Tesco chief executive Ken Murphy could make even more this year after being handed a 3% rise in basic pay to £1.54m (€1.77m).

The boss of Tesco made £10.8m (€12.4m) last year, about £1m (€1.15m) more than the year before, as the UK’s biggest supermarket hit its highest share of the market in a decade.

Ken Murphy could make even more this year after being handed a 3% rise in basic pay to £1.54m (€1.77m), and cutting food waste was scrapped as a target for his long-term bonus, according to Tesco’s annual report.