Fat Cat Row Over Royal Mail's Pounds 537m Profit ; Chief Executive Gets Pounds 2.55m in Huge Bonus Handout

Evening Standard - London › May 17, 2005

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Summary

A "FAT CAT" row erupted at Royal Mail today as it emerged that six directors have received Pounds 1million pay and bonus packages.

The huge sums were revealed as the government-owned body showed a record profit of Pounds 537 million for last year - almost Pounds 1.5 million a day.

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Fat Cat Row Over Royal Mail's Pounds 537m Profit ; Chief Executive Gets Pounds 2.55m in Huge Bonus Handout

The profits triggered huge "performance related" bonuses for the board, making them among the best-paid public...

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