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Justin King, the chief executive of Sainsbury's, has seen the value of his pay deal jump more than 22 per cent after overseeing the retailer's fifth consecutive rise in annual profits.
King, who has run the UK’s third-largest supermarket chain since 2004, received pay and bonuses of almost £4.3 million in the year to March, up from £3.5m the previous year, as profits at the firm grew 6.2 per cent to £756m.
His annual bonus nearly doubled to £996,000 on the back of the results, while more than 134,000 employees across the group shared a record bonus pool of more than £90m.
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6 June 2013 in Business, Views: 15
Source: Scotsman
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