Posties accuse Royal Mail bosses of 'unforgivable greed' over share awards amid strike action

[TrueBlueTerrier]

https://morningstaronline.co.uk/article ... ble-shares

POSTIES have accused Royal Mail bosses of “unforgivable greed” after it emerged they were awarded over £2 million in new shares while workers struck over poor pay.

Four of the firm’s senior staff were handed the hefty conditional share awards this month, according to postal workers’ union CWU, with CEO Simon Thompson receiving the largest amount of £300,000.

“A day after Royal Mail workers took strike action against savage real-terms pay cuts, those enforcing that pay cut – who have been pleading poverty in the media – award themselves shares worth over £2m,” a CWU spokesperson said.

“There is not a polite word to summarise what unforgivable greed this represents, but it is a perfect example of the moral sickness at the heart of British business today.”

A Royal Mail spokesperson said: “These long-term incentive share awards are performance related and will only vest at the end of the three-year period if targets are met.

“The awards are then subject to a further two-year holding period.

“Performance-based long term incentives are a standard part of executive directors’ remuneration in listed businesses and are determined by the company’s independent remuneration committee.”

[derekm]

Performance related???? Losing 1 million a day would seem like there Performance is not very good. but no doubt it will be those bad postys fault for it happening.

[aiden01]

Performance related???? Losing 1 million a day would seem like there Performance is not very good. but no doubt it will be those bad postys fault for it happening.

[bowie]

After I got this information lastnight I will cut of every day now,what people like Simon Thompson is doing is just not right,I always cut off and I always will,back the union f**k you thompson your day will come,

[bowie]

After I got this information lastnight I will cut of every day now,what people like Simon Thompson is doing is just not right,I always cut off and I always will,back the union f**k you thompson your day will come,

[roadrunner bill]

After I got this information lastnight I will cut of every day now,what people like Simon Thompson is doing is just not right,I always cut off and I always will,back the union f**k you thompson your day will come,

There proper taking the p I s s now...