Tesco boss forgoes bonus after poor UK results

LONDON - Tesco boss Philip Clarke has passed up an annual bonus of about 372,000 pounds ($588,000) after the retailer's poor performance in its main British market, heading off a potential outcry by investors increasingly critical of executive pay. Philip Clarke / Photo: Tesco PlcThe chief executive was paid a basic salary of over 1 million pounds last year and was awarded share options worth 2.7 million pounds during his first year on the job, according to the company's annual report. The

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