Jul 19, 2018
Royal Mail hit by shareholder revolt over bosses' pay
Royal Mail shareholders have rebelled against its pay plans for top executives following a row over a salary rise for its new boss. The directors' remuneration report was rejected by about 70% of shareholders in a vote, which is non-binding, at Royal Mail's annual meeting. New chief executive Rico Back is set to be paid £640,000 - £100,000 more than his predecessor Moya Green. Royal Mail says it will consult further as it reviews its pay policy this year.
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