Tesco head given £1m pay rise to stay

Terry Green, the head of clothing at Tesco was given a £1m pay rise in return for spurning the advances of Marks & Spencer director Stuart Rose. Green has also had his remit widened at Tesco. As well as overseeing clothing, he has been put in charge of toys, sporting goods, electricals and outdoor furniture.

The changes make Green Tesco's de facto non-food director. The pay increase goes a long way to explain Green's decision to remain at Tesco. He is a close friend of Rose and when news broke last month that he was in early-stage talks to run M&S's clothing division - considered by many to be the plum job in British retail - few observers thought he would turn the chance down. Rose and Green worked together at the Burton Group, now renamed Arcadia , in the 1990s.