Royal Mail chief’s £1.5m pay stokes sell-off row

[TrueBlueTerrier]

http://www.thesundaytimes.co.uk/sto/bus ... 277457.ece" onclick="window.open(this.href);return false;

MOYA GREENE, the chief executive of Royal Mail, is set to be handed a pay package worth more than £1.5m in a move that will inflame tensions between the company and unions over wages, pensions and an imminent £3bn privatisation.

The package, to be revealed in the Royal Mail’s annual report in the next few weeks, should make the Canadian-born executive the UK’s best-paid public sector boss. The government plans to float Royal Mail in London later this year.

Greene was paid £1.1m last year. This included a salary of £498,000, a bonus of £371,000, equal to 74% of her salary, £200,000 in lieu of pension, and benefits of £38,000.

In the year to March 2013, Greene was allotted the first tranche of a long-term bonus plan, based on her performance in the previous three years. The award will vest in March 2014.


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[mandelsons_toenail]

Meanwhile in the real world people struggle to pay for food for their kids, pay their bills and worry about old age.

Shocking

[osgoody1970]

so our MOYA, is going to be paid 1.5 million!! this year, making her the highest paid boss in the public sector, it would take a postie on 20k a year, 75 years to make that kind of money, glad we are all inthis together.

[Lincox]

Yes, amazing how a company can be deemed to have turned into profitability at the expense of it,s employees, in order to hand out yet another unearned bonus.

[eian687]

a bonus of £371,0000
and the company was worthless when it was time for our colleauge shares

[redneck]

I fail to see how any human being's working year can be valued at £1.5 million more than another. It's obseen, immoral.

[pants123]

i find it really funny all this cr.p............. adam crozier suddenly turned round royal mail profits... so when Moya Greene joined the royal mail..................... royal mail was already making profit from the last puppets... crozier and leighton... so no Moya Greene has not turned the company around ...................... more lies again, and corruption...

[taxi4leighton]

bearing in mind the money shes getting.
you would think she would be last person wanting us privatised
wonder how much she will get if that ever happens

[goldy]

this is hard to stomach ,the old gravy train never stops running whilst foodbanks become commonplace dont you just love capitilism.

[TrueBlueTerrier]

bearing in mind the money shes getting.
you would think she would be last person wanting us privatised
wonder how much she will get if that ever happens

I am guessing but I wouldn't be surprised if it rises by a factor of 1, ie 10 times.

Also, I wouldn't be surprised if she gets a bonus when we are privatised.

[UnhappyGremlin]

bearing in mind the money shes getting.
you would think she would be last person wanting us privatised
wonder how much she will get if that ever happens

I am guessing but I wouldn't be surprised if it rises by a factor of 1, ie 10 times.

Also, I wouldn't be surprised if she gets a bonus when we are privatised.

And god knows how many shares for free/vastly reduced cost. Tax efficient bonus that way.