Sainsbury’s boss Justin King is poised to receive a £6 million payout following the retailer’s best sales growth in five years, The Sunday Times has reported.
The payout is still being finalised but is expected to include £4m in bonuses and shares.
The total payment is expected to top £6m once the chief executive’s salary, pension and benefits package are included, if the maximum bonus package is approved.
Sainsbury’s 117,00 staff are also set to receive a higher bonus, following their total £47m bonus last year.
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