Senior executives at Tesco could be awarded shares worth £25m in 2018, even though the supermarket made its biggest ever loss of £6.4bn earlier this year.
Under Tesco’s Performance Share Plan, in July 2018, if certain targets are met, 11 board members will receive £16.9m worth of shares.
Tesco chief executive Dave Lewis could receive £3.4m and finance director Alan Stewart £1.8m. Matt Davies, the new head of Tesco’s UK and Irish business, is in line for £1.5m.
The troubled supermarket made a £6.4bn loss for the year to February 28.