Royal Mail boss pay is revealed

Source BBC News@ tienganhvui.com

2 August 2013 Last updated at 10:25 ET

Royal Mail is due to be privatised

Royal Mail chief executive Moya Greene received pay and benefits worth £1.47m last financial year, the group's annual report has revealed.

Ms Greene's basic salary was unchanged at £498,000, but other benefits increased, meaning her total package went up from £1.1m in 2011-12.

However, she has agreed to return £120,000 paid towards the cost of buying a house after Business Secretary Vince Cable objected to the payment.

Mr Cable said it had been a mistake.

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