Two of the UK's largest food firms have confirmed 6-figure pay awards for their chief executives
The boss of food manufacturing company Premier Foods, Gavin Darby, was awarded a bonus of £598,500 for the year 2015-2016, topping up his basic pay of £700,000. For the second year in a row, Mr Darby declined to take an increase in his basic salary. Premier Foods' trading profit remained static, at £131 million, in the same period.
Meanwhile Sainsbury's CEO Mike Coupe received a bonus of £757,000, on top of his basic salary of £916,000. Mr Coupe's overall pay, including benefits, shares and pension, was £2.8 million for 2015-16. Sainsbury's underlying profit fell by 13.8% in the same period.
Neither Premier Foods nor Sainsbury's is an accredited Living Wage employer, which would mean paying all their employees at least the current Living Wage of £8.25 an hour outside London and £9.40 in London.
Read the full story on Foodmanufacture, and find more information about Sustain's policies for a fair and healthy food system here.
Published Friday 10 June 2016
Sustain: Sustain The alliance for better food and farming advocates food and agriculture policies and practices that enhance the health and welfare of people and animals, improve the working and living environment, enrich society and culture and promote equity.
