Financial Times: Tesco rewards Leahy with a £2m bonus
By Elizabeth Rigby and Sundeep Tucker
Published: May 17 2005
Sir Terry Leahy has received a bonus of more than £2m after Tesco became the first retailer in the UK to break the £2bn profit barrier this year.
The chief executive was paid a £2.08m bonus in a mix of cash and shares in the year to February 28. He also received a salary of £1.04m, taking his total pay to £3.19m, against £2.98m last time.
The board shared a pay-out of £12.8m, with the top five executive directors taking £8.54m.
Tesco paid a total of £220m in bonuses, which it claims is the largest pay-out ever for a UK company. About 2,000 top staff – including store managers – shared £38.2m, with the remaining £169m shared between 150,000 staff.
Sir Terry’s pay cements his position as one of the UK’s highest paid bosses. Last year Lord Browne of BP received £3.74m in cash, including a performance-related bonus of £2.28m. His oil major rival Jeroen van der Veer, chief executive of Shell, took home nearly £2m last year, including a bonus of about £1m. Elsewhere, Jean-Pierre Garnier, chief executive of GlaxoSmithKline, received a basic salary and bonus totalling £2.4m.
The Tesco boss also does well against other retail executives, with a basic salary of more than £1m, against £568,000 for Sir Ken Morrison, chairman of Wm Morrison, and £675,000 for Justin King, head of J Sainsbury.
However, under a new bonus scheme, Mr King could receive a pay-out of £5m if he hits the sales growth target of £20bn by 2009 and doubles earnings per share during that time.
The total pot at Sainsbury, which applies to 1,100 head office staff and store managers, is worth up to £90m.
David Reid, Tesco chairman, said he was “delighted that once again all staff are sharing in this success”, which was “down to the hard work of the Tesco team”.
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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