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Tesco's Terry Leahy paid £5.5m last year

Tesco Terry Leahy

Tesco's chief executive Sir Terry Leahy received a bonus of more than £4m, on top of his basic salary of £1.3m, according to the company's annual report.

His bonus was made up of nearly £1.2m in cash and £2.9m in shares.

The £5.5m total was up 18.5% from just £4.6m last year.

Tim Mason, who heads Tesco’s US venture Fresh & Easy, took home a total of £4.5m, up from £3.8m.

Their pay packets compare with those of rivals Justin King at Sainsbury’s – who is to pick up a £6.5m bonus – and Morrisons boss Marc Bolland who picked up a meagre £706,000 bonus on top of his £721,000 salary.

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