No pay rise for Royal Mail exec

Kate McCann
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ROYAL Mail top boss Moya Greene will not be awarded a pay increase, the renumeration committee of the postal company has announced.

In a decision that will please business secretary Vince Cable, who has called on FTSE 100 companies to curb executive pay, Greene will see her annual salary frozen.

Greene received £1.224m in 2012-13; a £498,000 basic salary, £399,000 bonus, £127,000 in benefits and a £200,000 pension contribution.