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Tesco Chiefs Miss Bonuses After Failure To Reverse Profit Drop
date:May 23, 2014
Tesco Plc CEO Philip Clarke and other top managers will miss out on their annual bonuses for a second year running after failing to reverse falling profit at Britains largest grocer.

The profit underpin was not met and therefore the executive directors will not receive a bonus in respect of 2013/14, Stuart Chambers, chairman of Tescos remuneration committee, said in the retailers annual report today. Tesco said last year no bonuses would be paid unless profits grow.

So-called group trading pr

12/24 08:14