Sainsbury’s is under fire over the ‘excessive’ pay deal handed to its new boss Simon Roberts.
Just days after Tesco suffered one of Britain’s biggest shareholder revolts over fat-cat pay, its supermarket rival was accused of failing to align executive rewards with the interests of shareholders.
Advisory group Pirc urged investors to vote against the pay report for 2019-20 and the company’s policy, which looks forward, at the annual general meeting on Thursday.
Last week 67 per cent of Tesco investors voted against the £6.4million package for departing boss Dave Lewis.
Roberts started on June 1 with an £875,000 basic salary, with performance bonuses of up to £4.1million.