THE main postal union reacted with “outrage” yesterday to the news Adam Crozier, Royal Mail’s former boss, was paid £2.42m in his final year with the group.
The figure was revealed in Royal Mail’s annual report, which said Mr Crozier got a basic salary of £633,000.
On top of this he had a bonus of £1.5m for meeting performance targets over three years, £206,000 in lieu of a pension, and £19,000 of other benefits.
The Royal Mail said it needed to be able to attract the best talent.
Crozier left the Royal Mail before Easter to take up the top job at ITV.
The payout was attacked as “outrageous” by the Communication Workers Union, which said that Crozier had left the company before its multibillion-pound modernisation programme had been completed.