Sainsbury CEO Coupe Gets Over Gaffe With $2.4 Million Payout

When J Sainsbury Plc Chief Executive Officer Mike Coupe was caught on camera last week singing “We’re in the Money,” he was right about one thing. Following Sainsbury’s $10 billion deal to acquire Walmart Inc.’s Asda, Coupe has received 608,700 shares as part of the company’s long-term incentive plan, according to a stock-exchange filing Tuesday. Helped by the 15 percent surge in Sainsbury’s stock on the day the deal was announced, they’re now worth a handy 1.8 million pounds ($2.4 million).