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Nationwide gravy train rolls on
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apt
Posts: 3,237 Forumite
After its profits fell by two thirds in 2009 Nationwide is not paying Annual Performance pay. However Beale and his cronies are still trousering obscenely high pay. £6.5 million to Executive Directors in 2009 - £6.1 million to these directors in 2008. Basic pay and pension contributions have gone up well ahead of inflation. Even worse so-called 'Medium Term Performance pay' has been doubled although it is obvious that performance has declined. The tone of the annual report and bumf is also revoltingly smug.
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Good results. Pretty punch executive pay in these times though.0
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I assume everyone got the financial statements and voting forms then today? I'm actually thinking of voting against a few of the directors, however it won't make any difference since the ordinary people on the street will just say yes to anything!
Northern Ireland club member No 382 :j0
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