'I don't deserve bonus' says Tesco chief

Quote of the day: 'I wasn't satisfied with the performance in the UK and I won't take the bonus.' Tesco chief exec Philip Clarke has declined his annual bonus after the supermarket giant posted poor results for the year. Tesco's shrinking profitability in the UK has seen the chain lose a quarter of its share value in the past financial year. Clarke's £372,000 pay-out will remain in company coffers until performance improves.

by Rebecca Burn-Callander
Last Updated: 09 Oct 2013
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