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.