Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Economics, government & businessLatest NewsBonusesExecutive payPay & benefits

Sainsbury’s chief executive paid almost £8m last year

by Personnel Today 9 Jun 2010
by Personnel Today 9 Jun 2010

Sainsbury’s chief executive was paid almost £8m last year.

Justin King received a 60% increase in his previous year’s pay packet, the Times has reported.

King’s basic pay for the period from March 2009 to March 2010, including salary, pension supplements and bonuses, came to £3.35m. This was then topped up with a £4.52m gain on share options earned through a long-term incentive scheme.

The CEO owns shares in the supermarket giant that were worth £5.92m in March.

During the period, Sainsbury’s pre-tax profits rose to £610m, up 17.5%.

Finance director Darren Shapland was paid £3m, also seeing a substantial increase in his basic pay last year – up by 59% to £1.54m – and received a further £1.46m through long-term share options.

About 127,000 Sainsbury’s workers also shared in the company’s biggest ever bonus pot of £80m, but basic salaries for the grocer’s executive directors have been frozen for 2010-11.

At Sainsbury’s stores, like-for-like sales growth slumped to 1.7% in the 11 weeks to 20 March, compared with 6.2% at the same time last year.

Sainsbury's
Avatar
Personnel Today

previous post
Failing universities should be closed to free up money for better institutions, says CBI chief
next post
BT strike looks set to go ahead as union rejects pay offer

You may also like

MAC recommends scrapping shortage occupation list

4 Oct 2023

Historical holiday underpayments must be paid

4 Oct 2023

Scientist wins £340,000 in age discrimination case

4 Oct 2023

Lucy Letby: Hospital faces corporate manslaughter probe

4 Oct 2023

Sham training of security officers exposed

3 Oct 2023

ICO publishes workplace monitoring guidance

3 Oct 2023

Consultants offer ‘olive branch’ on strikes

3 Oct 2023

Personnel Today Awards 2023 shortlist: Innovation in Recruitment...

3 Oct 2023

Top 10 HR questions September 2023: the role...

3 Oct 2023

Brand and belonging: why workplace culture is key...

3 Oct 2023

  • Almost a fifth of UK workers feel undervalued – we need to solve this PROMOTED | A new report has found...Read more
  • Discover the value of CIPD accreditation PROMOTED | See how the CIPD can increase your earning potential...Read more
  • What does it mean to be an HR professional in 2024? (survey) PROMOTED | The world of HR is changing rapidly...Read more
  • The Contractor Management Mastery Pack: Everything you need to manage and pay global contractors PROMOTED | Answers to cross-border...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2023

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2023 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+