A Labour government could send Royal Mail boss elsewhere

[TrueBlueTerrier]

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SHE MIGHT hail from Canada, but I’d bet that Moya Greene will be keeping a closer eye than many Britons on the outcome of the General Election.

Eighteen months after its contentious privatisation, the boss of Royal Mail may face the prospect of a full parliamentary term with UK government ministers behaving as an irritatingly watchful shareholder.

Labour’s manifesto pledge to retain the state’s remaining 30 per cent stake in Royal Mail has rather disingenuous echoes given Lord Mandelson’s desire to flog the whole thing to a buyout firm such as CVC Capital back in 2009.

Nevertheless, there it was this week in black and white – and that may not augur well for Greene.

Last year, talks between Vince Cable’s officials and the firm over her remuneration went to the wire.

In one sense, that was logical: the Business Secretary was under attack for selling the company too cheaply; a big pay rise for the boss would have made him look doubly foolish.

Yet Greene’s pay has been frozen since she joined Royal Mail in 2010, and there are people on both its board and share register who think she’s underpaid.

They include Donald Brydon, who will step down as chairman later this year: he has already been sufficiently forthright to make it clear to his biggest shareholder what the consequences of denying her a pay rise could be.

In my predictions for 2015, I forecast Royal Mail would begin the process of searching for Greene’s successor.

If Labour leads the next government and there’s a row over her pay, I’ll go one step further and bet she’ll be out of the door before 2016 arrives. You might call it being first past the post.

[Lounge Lizard]

"Nevertheless, there it was this week in black and white – and that may not augur well for Greene"
- those that write such drivel just think that they're so, so clever.

[bustedflush]

A Labour-led government will send an awful lot more people 'elsewhere' too.

[Chelseablue]

The disgusting Tories have got to go

[PHARRY]

We need the conservatives in power for ever at least a thousand years

[baldrick]

We need the conservatives in power for ever at least a thousand years

The Thousand Year Reich?

[rubberbond]

The disgusting Tories have got to go

Where? Mind you, if Mr Milliband had any gumption, all he had to say was that a future Labour Government would renationalise the privatised Royal Mail,no -one would have bought any shares and the whole thing would have been called off,in all likelihood. He hasn't ,they didn't ,we are where we are.

[El-Bandito]

Mad Moya gone if red ed gets the power? There's a catch surely