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

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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.

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