Tesco pays chief executive Sir Terry Leahy £4m

The chief executive of supermarket giant Tesco boss was paid almost £4m last year – a rise of about 25% – after overseeing bumper profits for the company.

Details of Sir Terry Leahy’s pay packet emerged in the company’s annual report, which looked back on a year in which Tesco’s profits reached more than £2.2bn.

Leahy’s basic salary improved 6% to £1.1m, but performance-related cash and shares pushed his total package to £3.98m – against £3.19m a year earlier.

Earlier this month Tesco rewarded staff with £78m in shares from a profit share scheme.

Record numbers of staff to benefit from Tesco’s £78m free shares bonanza

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