Overview

• Ocado's CEO Tim Steiner's bonus plan, potentially worth up to £14.8 million, received approval despite 19.43% of shareholders voting against it.
• Criticism from shareholder advisory groups and campaign organizations highlighted the disparity between executive and worker pay.
• Ocado's leadership defended the bonus as crucial for retaining and motivating top executives amid market challenges.
• The bonus scheme could yield Steiner up to 1800% of his base salary depending on company performance and share price targets.
• Ocado faces additional scrutiny for not aligning with the Real Living Wage, affecting frontline staff compensation.