Royal Mail boss’s pay package soars to £6.9m despite profits slide
AI Summary
Despite a 20% decline in group profits, Martin Seidenberg, CEO of International Distribution Services (IDS) and the parent company of Royal Mail, received a staggering £6.9m in pay and bonuses for the year ending March 2026. This significant increase in compensation has sparked controversy, especially given the company's financial struggles. The situation highlights broader concerns about executive pay practices in times of corporate downturns and raises questions about accountability and shareholder value.
Original Source
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