Ocado chief Tim Steiner paid £59m despite record loss

The top five executives at Ocado are to share an £88 million payday, despite the online retailer suffering a £215 million loss in its last financial year. Ocado revealed yesterday that its management team would receive the maximum possible from a five-year incentive scheme set up in 2014 because of the rise in the company’s share price. Tim Steiner, 50, chief executive, will be paid £58.7 million for the year to December 1, 2019, one of the largest annual payouts for a FTSE 100 boss. Duncan Tatton-Brown, 54, the chief financial officer, will be paid £15.8 million, as will Mark…

Continue Reading
Close Menu