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  • GingerTim
    GingerTim Posts: 2,617 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    DS_MSE said:
    I don't know whether anyone has mentioned / posted this already but just spotted this in my Voting Invitation email ....


    Having, post Pandemic, introduced their physical 'Hybrid' AGM at Swindon last year - 2022 (where members could either attend and participate in person or Online), seem odd why they would choose to revert to solely Online attendance and participation this year - Now I wonder what the reason for that is ?
    That they have discovered, like any of us who have tried to run a hybrid meeting, that fully online is a lot less hassle, I expect.
  • boingy
    boingy Posts: 1,918 Forumite
    1,000 Posts Second Anniversary Name Dropper
    GingerTim said:
    DS_MSE said:
    I don't know whether anyone has mentioned / posted this already but just spotted this in my Voting Invitation email ....


    Having, post Pandemic, introduced their physical 'Hybrid' AGM at Swindon last year - 2022 (where members could either attend and participate in person or Online), seem odd why they would choose to revert to solely Online attendance and participation this year - Now I wonder what the reason for that is ?
    That they have discovered, like any of us who have tried to run a hybrid meeting, that fully online is a lot less hassle, I expect.
    Plus it's much harder for angry members to heckle or boo and it's doubly hard for people like Just Stop Oil to disrupt and chuck orange powder around the place.  :D
  • TheBanker
    TheBanker Posts: 2,238 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hybrid meetings are normally a disaster. Fully online meetings are more inclusive as members from different parts of the country are more easily able to attend. If the meeting was in London I doubt there would be much representation from Scotland or Northern Ireland. 
  • xylophone
    xylophone Posts: 45,627 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Plus it's much harder for angry members to heckle or boo 

    or chuck rotten tomatoes at the Board of Directors..... :)

  • DS_MSE
    DS_MSE Posts: 27 Forumite
    10 Posts First Anniversary
    edited 21 June 2023 at 7:11PM
    I think Nationwide have 'Lost the Plot'
    Just received an email headed 'Higher interest rates on some variable savings accounts' dated 21/06/23
    Drum Roll please .... but don't hold your breath you have got to wait until the 1st July when 

    1 Year Triple Access Online ISA Issue 14 will be increased by 0.10% to 3.30% 
    1 Year Triple Access Online Saver Issue 15 will be increased by 0.10 % to 3.30% and 'Hold on to your Hats'
    Instant Access Saver Issue 11 will also be increased by 0.10% to 1.35%

    I think the Treasury Committee need to drag Debbie Crosbie in for a little chat - that is if she is still CEO after the AGM !  
  • boingy
    boingy Posts: 1,918 Forumite
    1,000 Posts Second Anniversary Name Dropper
    1.35%
    They would have been better off leaving it be and not drawing attention to it.

    Debbie will still be CEO next month and beyond. She'll make a statement about how they have successfully engaged with their membership and how mutuality is stronger than ever. Then they'll put mortgage rates up for the third or fourth time in a month.

  • ForumUser7
    ForumUser7 Posts: 2,466 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    DS_MSE said:
    I think Nationwide have 'Lost the Plot'
    Just received an email headed 'Higher interest rates on some variable savings accounts' dated 21/06/23
    Drum Roll please .... but don't hold your breath you have got to wait until the 1st July and 

    1 Year Triple Access Online ISA Issue 14 will be increased by 0.10% to 3.30% 
    1 Year Triple Access Online Saver Issue 15 will be increased by 0.10 % to 3.30% and 'Hold on to your Hats'
    Instant Access Saver Issue 11 will also be increased by 0.10% to 1.35%

    I think the Treasury Committee need to drag Debbie Crosbie in for a little chat - that is if she is still CEO after the AGM !  
    boingy said:
    1.35%
    They would have been better off leaving it be and not drawing attention to it.

    Debbie will still be CEO next month and beyond. She'll make a statement about how they have successfully engaged with their membership and how mutuality is stronger than ever. Then they'll put mortgage rates up for the third or fourth time in a month.

    https://www.thisismoney.co.uk/money/saving/article-12218497/Nationwide-ups-savings-rates-just-0-1.html
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • DS_MSE
    DS_MSE Posts: 27 Forumite
    10 Posts First Anniversary
    edited 21 June 2023 at 7:10PM
    Whilst I believe a CEO doesn't necessarily need to hold an elected seat on the board in some companies / organisations (please correct me if am wrong), if Debbie Crosbie lost her elected seat I cannot see that she would have a Mandate from its Members to remain in position as CEO by effectively losing a Vote of Confidence ? 

    From my perspective Nationwide are either being Arrogant or Stupid but probably both, to announce these paltry increases the Day before the BoE is expected to raise the Base Rate again, when some of their competitors, even prior to tomorrows announcement, were already paying circa 4.00% for similar Limited Access Products, so I can't see even Savers, with a 'Deep Relationship' despite receiving their handout, remaining loyal with Rates this low. ! 
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