He’s in the money: Sainsbury’s boss Mike coupe presented the growth of 46pc to pay

Paid Sainsbury’s boss Mike coupe soared as he put in his pocket $ 427,000 bonus ahead of the proposed mega merger of supermarket Asda.

Salary of the General Director jumped by 46pc to £3.4 million in the past financial year increased by £1 million long-term share awards and a hefty bonus for hitting financial goals.

Mr coupe also provided a 2pc increase in wages for next year in line with other employees of the head office, increasing his salary to £962,297.

It comes after it for the PR bells soon after the £15 billion of Asda when it was announced, when he was filmed singing “we’re in the money” from the musical “42nd street”.

John Rogers, CEO of Argos, Sainsbury’s, has also enjoyed a significant bump…

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