Royal Mail boss’s pay package triples to £6.9m despite profits slide

Martin Seidenberg, chief executive of parent company IDS, handed payouts after takeover of UK postal serviceBusiness live – latest updatesThe boss of Royal Mail’s parent company received almost £7m in pay and bonuses last year – more than triple the previous figure – despite group profits slumping by a fifth.Martin Seidenberg, group chief executive of International Distribution Services (IDS), took home £6.9m in pay, bonus and long-term incentive scheme awards in the year to 29 March, compared with £2.1m the previous year. Continue reading...