Size of the pay gap at the grocery chain dwarfs that of other FTSE 100 firmsTesco is Britain’s most unequal blue chip company, The Mail on Sunday’s annual audit of boardroom pay reveals today.
Others with large pay gaps between the boss and the rest include retailers Sainsbury’s, B&Q-owner Kingfisher and clothing giant Next. - Almost a quarter of FTSE 100 finance directors – often a stepping stone to the chief executive’s job – are now female, raising hopes that women may finally break through the glass ceilingOur findings will fuel the debate about ballooning boardroom pay. They come as top firms push for even bigger rewards for their leaders, saying they need to be paid more to compete with US rivals.
Read More Mike Ashley's daughter made director of his retail empire Nine of the companies have drawn up ‘radical’ plans to boost their boss’s pay this year, compared with four before. Soames also chairs Smith & Nephew, the medical equipment group, where nearly half of its shareholders voted against plans to give chief executive Deepak Nath a huge pay rise.Also leading the charge on chief executive pay is Julia Hoggett. The London Stock Exchange chief executive has warned that a ‘lack of a level playing field’ is driving a brain drain from the City to New York and beyond.