Nationwide advert

MothballsWallet

dr_adidas01 wrote: »

Sorry to !!!! on your parade but he actually got paid according to the financial accounts I'm sent as a member, the CEO will get £2.8m this year dependent on how Nationwide perform. His basic salary is £875k.

Still a lot of money but no where near some of what the CEO's of the other banks get, the CEO of lloyds gets £3.7m plus £1.7m in bonuses.

HSBC CEO got £7.8 million with bonuses and some sort of compensation because HSBC didn't perform as well last year.

Regarding HSBC's CEO, was that before or after the "helping our clients evade tax" revelations?

MARTYM8`

MothballsWallet wrote: »

Regarding HSBC's CEO, was that before or after the "helping our clients evade tax" revelations?

HSBC don't claim to be a caring and sharing mutual!

Anthorn

MARTYM8` wrote: »

HSBC don't claim to be a caring and sharing mutual!

What? Really? Oh my goodness? Bombshell of all bombshells! You mean HSBC is NOT a mutual??

le_loup

dr_adidas01 wrote: »

Sorry to !!!! on your parade but he actually got paid according to the financial accounts I'm sent as a member, the CEO will get £2.8m this year dependent on how Nationwide perform. His basic salary is £875k.

In FY 14/15 Mr Beal took £3,278 million as his total package. The fact that some of it will not be paid today does not actually reduce his earnings.

Big_John_246

I started this as Nationwide tell people they know about real life, they don't know about real life, when people are in trouble through no fault of there own do they help I think the answer is NO, this is not just the Nationwide it’s all banks, please correct me if I’m wrong and you can name a bank that actually does helps people. :doh:

Should it not read "Proud Sponsors of people with money". :whistle:

I have just recently sent emails to the chairman of four banks to ask for help, I will leave it up to you if I got help or not. :think:

Banks are no better than councils and MP's.

Cornucopia

Nationwide (as the major remaining mutual) is in various practical, financial and structural ways different to a typical large commercial bank.

That allows it the luxury and the liability of sticking close to its individual personal customers/members upon whom the bulk of its business depends.

It's not perfect by any means (either as an organisation or as a business model), but it certainly has some strengths over the fragile big banks at the moment, both practically and reputationally.

planteria

that's exactly the point MARTY.. i think you are managing to miss it Anthorn;)

dr_adidas01 wrote: »

Sorry to !!!! on your parade but he actually got paid according to the financial accounts I'm sent as a member, the CEO will get £2.8m this year dependent on how Nationwide perform. His basic salary is £875k.

i don't have it to hand, but i am pretty certainly Beale is trousering more than that. perhaps i was wrong, and as le loup says, it is 3.25 rather than 3.75/yr... but the point clearly stands. and i think the way it will work is that that Is is earning for the year, it is just that some of it is based upon a bonus for this year, and some is based upon a bonus calculated over time.

planteria

and i'm interested in what you have to say Cornucopia. i am a long-standing Nationwide member, and i really like the idea that you describe, but can you explain how luxury is manifested?

i am a member of other mutuals, some of which certainly 'feel' different, but Nationwide has become 'a bank' ime, in terms of the customer interface. and their administration, and therefore service, compared with Barclays, HSBC, Lloyds and RBS, who i have various accounts with, is much poorer.

Cornucopia

planteria wrote: »

and i'm interested in what you have to say Cornucopia. i am a long-standing Nationwide member, and i really like the idea that you describe, but can you explain how luxury is manifested?

The luxury is for them, not for us. It manifests itself by N being able to place themselves in a morally-superior position by virtue of not having complex/deceptive financial products, and not having a vast, messy commercial loan-book or other "big money" concerns to worry about, which would distract it from its personal customers.

i am a member of other mutuals, some of which certainly 'feel' different, but Nationwide has become 'a bank' ime, in terms of the customer interface. and their administration, and therefore service, compared with Barclays, HSBC, Lloyds and RBS, who i have various accounts with, is much poorer.

It was always thus. Abbey National CS was atrocious. When they were still a mutual, they never really broke through into providing bank-like customer service standards, nor bank-like services. Even though that was consistently the message they tried to push.

I think they are getting there now, as Santander, but I'm sure it has come at a huge cost in terms of recruitment, training and culture change.

I think Nationwide is somewhere in the middle of all that - committed to mutuality, but wondering whether the future lies in the directing of being a bank (either in reality, or by any other name). An organisation the size of N simply cannot be a friendly, local society - it doesn't work.

Goldiegirl

Big_John_246 wrote: »

Can I ask everyone what message they get for the new Nationwide advert "Sponsors of real life" :cool:

I get no message at all - it's just meaningless sound bite ad-speak