Saffron Building Society

planteria

yes...i wonder if his pension/compensation are based upon his recently hugely-inflated remuneration.

talexuser

So 10% of the pre-tax profits for the entire company goes to the chief exec in salary?

Chris2000

talexuser wrote: »

So 10% of the pre-tax profits for the entire company goes to the chief exec in salary?

It's a building society, not a bank. If he's doing his job properly he should be maximising benefits for members by minimising the margin between mortgage rates and savings rates, leaving a small profit. Not wasting money paying corporation tax on a large pre-tax profit.