Royal Mail Chief Exec Scores Big Bonus Pay Day
Britain's Telegraph is reporting that the Canadian chief executive of Royal Mail, Moya Greene [shown here], received a £371,000 bonus last year, just weeks after she pushed through a record increase in the price of stamps.
According to Senior Political Correspondent Christopher Hope, "Miss Greene’s basic pay was unchanged from the year before at £498,000. However she also picked up £371,000 in a 'short term incentive plan', £38,000 in benefits and £200,000 for her final salary pension scheme."
In all, writes Hope, Greene was paid £1.1million, making her one of Britain’s highest paid public officials.
Shadow postal affairs minister Ian Murray MP is quoted in the article as saying, “At a time when the public are furious about levels of boardroom pay it is extraordinary that the chief executive of Royal Mail will be awarded such a generous and disproportionate package relative to the performance of the company."
Murray went on to say, "“This has happened just a matter of weeks after consumer stamp prices rose by up to 40 per cent, the public purse has taken on its £8billion pension fund deficit and ordinary people up and down the Country are facing a squeeze on living standards with frozen pay and higher costs.”
To read the entire article, click here.
According to Senior Political Correspondent Christopher Hope, "Miss Greene’s basic pay was unchanged from the year before at £498,000. However she also picked up £371,000 in a 'short term incentive plan', £38,000 in benefits and £200,000 for her final salary pension scheme."
In all, writes Hope, Greene was paid £1.1million, making her one of Britain’s highest paid public officials.
Shadow postal affairs minister Ian Murray MP is quoted in the article as saying, “At a time when the public are furious about levels of boardroom pay it is extraordinary that the chief executive of Royal Mail will be awarded such a generous and disproportionate package relative to the performance of the company."
Murray went on to say, "“This has happened just a matter of weeks after consumer stamp prices rose by up to 40 per cent, the public purse has taken on its £8billion pension fund deficit and ordinary people up and down the Country are facing a squeeze on living standards with frozen pay and higher costs.”
To read the entire article, click here.