- Reuters
Tesco chairman says 'no difficulty' defending CEO's $13 million pay package
LONDON (Reuters) -The chairman of Tesco told investors on Friday he had "no difficulty" defending the near 10 million pound ($13 million) pay package of the British supermarket group's CEO as it had to be competitive in the global market for top talent. Investors have become more vocal in their opposition to boardroom pay deals they deem excessive amid a cost of living crisis. Several shareholders attending Tesco's annual meeting asked chairman Gerry Murphy to justify the more than doubling in CEO Ken Murphy's 2023/24 pay to 9.93 million pounds, while contract cleaners and security staff were paid less than the so-called real living wage paid voluntarily by some UK employers.
- Bloomberg
Sunak Offers Pensioners Tax Cut as Poll Shows Reform Threat
(Bloomberg) -- Prime Minister Rishi Sunak promised pensioners a tax cut if his Conservatives upset the odds and win the general election, the latest gambit to try to shore up the core vote as internal polling showed the Tories could lose more than 100 seats due to the resurgence of the right-wing Reform UK party.Most Read from BloombergWall Street Moves to Fastest Settlement of Trades in a CenturyIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsFor Private Credit’s Top Talent, $1
