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TMCNet:  No pay rise for Royal Mail boss [Western Morning News (England)]

[May 07, 2014]

No pay rise for Royal Mail boss [Western Morning News (England)]

(Western Morning News (England) Via Acquire Media NewsEdge) Royal Mail has announced that it will not increase the salary of chief executive Moya Greene - at her own request.

The move appears to sidestep a potential clash with the Government, which still holds 30% of the group after it was privatised last year.

It comes after it was reported that ministers were on a collision course with the company after chairman Donald Brydon wanted to improve Ms Greene's pay after she steered Royal Mail through the stock market flotation.

Ms Greene's total pay package for the year to March 2013 was Pounds 1.22 million. This does not include a controversial Pounds 250,000 perk to help her buy a house, which she repaid.

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