Wednesday, May 14, 2008

Tesco PLC News: Fresh & Easy USA CEO Mason Second-Highest Paid Tesco Executive Last Year

Salaries and bonuses for Tesco PLC's top executives soared last year, rising 18%, according to a report in today's Guardian UK newspaper.

Tim Mason, CEO of Tesco's Fresh & Easy Neighborhood Market small-format, convenience-oriented grocery retailing venture in the states, was the number two earner, right behind Tesco PLC CEO Sir Terry Leahy.

Mason, Tesco PLC's former marketing director who moved to Southern California to head the Fresh & Easy venture, received additional monies for making the move to the U.S. to run Fresh & Easy, in addition to his salary, various perks and bonus, according to the story in today's Guardian.

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