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Home News Anger as Nationwide refuses members a binding vote on boss’s 43% pay hike
Anger as Nationwide refuses members a binding vote on boss’s 43% pay hike
Lender says Debbie Crosbie’s package ‘should compete with banks’ but critics say building societies are ‘supposed to be the good guys’
Nationwide is under fire for refusing to give members a binding vote on a controversial 43% pay rise for its chief executive, Debbie Crosbie, which could total up to £7m.
Campaigners say it leaves the mutual’s members with fewer rights than shareholders of listed UK banks and exposes a worrying “loophole” in building society rules. Continue reading...
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