IN THE MONEY: Outgoing Post Office boss Rico Back

IN THE MONEY: Outgoing Post Office boss Rico Back bagged £868,000 in his last full year in charge

By Daily Mail City & Finance Reporter

Published: 21:51 BST, 17 July 2020 | Updated: 22:09 BST, 17 July 2020

Royal Mail’s outgoing boss Rico Back bagged £868,000 in his last full year in charge – despite overseeing a plunge in the company’s value.

The 65-year-old’s two years in charge were marred by battles with the unions and ineffective attempts to restructure the company.

But he raked in a long-term incentive award of £91,000, other benefits, plus a salary of £640,000 and a pension allowance of £112,000. 

The total was up from £647,000 the year before.

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