Royal Mail: a public company offering too much private help

[TrueBlueTerrier]

http://www.theguardian.com/uk-news/nils ... ate-sector" onclick="window.open(this.href);return false;?

The firm took a liberty in handing £250,000 to Canadian chief executive Moya Greene to help her buy a house in the UK

Royal Mail, if the government gets its way, will be in the private sector soon. But it's not there yet, which is why the company was taking a gross liberty in handing £250,000 to Canadian chief executive Moya Greene to help her buy a house in the UK. Business secretary Vince Cable is right to put his foot down. This was a material benefit and Royal Mail's pay committee should have sought approval. Cable says he would have said no.

Quite right, too. Another Canadian – Mark Carney, new governor of the Bank of England – may be getting a £250,000-a-year housing allowance while in London, but the difference there is that the sum was negotiated with the government at the outset.

Donald Brydon, Royal Mail's chairman, has apologised and said Greene will repay the money. Brydon should now find an untainted new non-executive director to head the pay committee before the post-privatisation share options are dished out.

[k979aaa]

Do they not get enough all ready greed is the worship of all evil they are what they seek!.

[ronpetetrevchris]

Do they not get enough all ready greed is the worship of all evil they are what they seek!.

[worktotime]

we must be saving to much on walk lapsing that they don't no what to do with the money , oh we will give the top bosses it , stuff the workforce.