Ocado boss Tim Steiner’s near £100m in pay raises ‘serious concerns’

Reports claim replacement being lined up for co-founder amid concern over high pay and company’s struggling share price

The boss of Ocado has collected nearly £100m since the online grocery company floated on the stock market in 2010 despite its share price now languishing below its flotation level, analysis has shown.

Tim Steiner, a former Goldman Sachs trader who co-founded the British technology company in 2000, is thought to be in discussions over his future after it emerged Ocado had approached at least one potential replacement.
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