Key facts
- Sainsbury's is proposing to increase CEO Simon Roberts' maximum potential pay to £7.3 million.
- The pay increase is conditional on meeting performance targets.
- The proposal comes at a time of high food prices for shoppers.
Sainsbury's, the UK's second-largest supermarket chain, is considering a significant increase in the maximum remuneration package for its Chief Executive Officer, Simon Roberts. The proposal aims to raise his potential take-home pay to £7.3 million, provided that specific performance targets are achieved. This move by the company's leadership comes at a time when consumers are grappling with elevated food prices, raising concerns about executive compensation in the context of broader economic pressures on shoppers.