Ocado boss Tim Steiner bags £54m bonus - BBC News

in dlike •  5 years ago 

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The boss of online shopping company Ocado has bagged a £54m bonus, despite his firm posting a bruising £214.5m loss last year.

Tim Steiner got the windfall after an incentive scheme tied to the firm's share price paid out.

It comes on top of a further £4.7m in salary and other bonuses for Mr Steiner, bringing his total pay in 2019 to £58.7m.

Ocado is seeing strong sales but has not made a profit for three years.

For years the firm, which sells groceries online and has no physical stores, failed to live up to its potential, disappointing investors.


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