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Money bags.

FORMER Royal Mail boss Adam Crozier pocketed almost pounds 2.5million in his last year, figures have revealed.

But he lost a pounds 650,000 bonus by quitting to take up his job as head of ITV.

Crozier's pay was laid bare in Royal Mail's annual report published yesterday.

On top of his pounds 633,000 salary, he was given a pounds 1.5million bonus, pounds 206,000 towards his pension and pounds 19,000 in other benefits.

Dave Ward, of the Communication Workers' Union, said: "Postal workers will be outraged."
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Publication:Daily Record (Glasgow, Scotland)
Date:Jun 4, 2010
Words:91
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