Socialist Worker

Cutter Crozier quits Royal Mail but watch out ITV

Issue No. 2187

Royal Mail fat cat Adam Crozier has quit—but will walk away with a £2 million bonus.

Crozier axed a whopping 60,000 workers’ jobs during his time as post boss.

And he is set to lap up at least £14 million in his new job as chief executive of ITV—making him one of the highest-paid bosses in Britain.

New Marks and Spencer boss Marc Bolland will grab £15 million in his first year.

He will snatch a £1 million salary, £6 million in bonuses, and £8 million in shares and cash.

If you enjoy Socialist Worker, please consider giving to our annual appeal to make sure we can maintain and develop our online and print versions of Socialist Worker. Go here for details and to donate.

Article information

Tue 2 Feb 2010, 19:19 GMT
Issue No. 2187
Share this article

Mobile users! Don't forget to add Socialist Worker to your home screen.