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VOTE now! Proposed take over of Virgin Money - Nationwide members should be given a vote

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  • WillPS
    WillPS Posts: 5,221 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    edited 1 August 2024 at 11:08PM
    ~105k more people voted than last time, of which ~98k voted to support the board.

    Hopefully Armstrong and the newspapers blindly regurgitating his campaign diatribes get the message, he doesn't speak for us.
  • Beddie
    Beddie Posts: 1,020 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    I'd be interested in the figures without the "quick vote" option included - a much less overwhelming vote For, I'd say.
  • Malthusian
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    Beddie said:
    I'd be interested in the figures without the "quick vote" option included - a much less overwhelming vote For, I'd say.
    If you wanted to vote For, why would you not use the quick vote option? People who want to vote For aren't going to vote in a more inconvenient way just to demonstrate how much they love the board.

    I'm not disputing that the "Quick Vote" system is stacking the deck (I've said it myself in this thread), but the fact that relatively few For votes were cast manually (probably) doesn't prove anything. 

    The reality of any society or business like this is that the members / shareholders almost always wave everything through unless the directors are really screwing up, with or without rigging the votes. 
  • masonic
    masonic Posts: 27,514 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I suppose the effect of forcing an active choice on each motion would be fewer content individuals voting, which would amplify any dissent.
  • I have accounts with them both and am happy with both, but my question would be - what will happen when they merge and I have a regular saver with both of them? You’re not allowed to have two regular savers? 
  • wmb194
    wmb194 Posts: 5,077 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I have accounts with them both and am happy with both, but my question would be - what will happen when they merge and I have a regular saver with both of them? You’re not allowed to have two regular savers? 
    They'll be run as separate entities, I wouldn't worry.
  • masonic
    masonic Posts: 27,514 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I have accounts with them both and am happy with both, but my question would be - what will happen when they merge and I have a regular saver with both of them? You’re not allowed to have two regular savers? 
    Your regular savers will mature long before this becomes an issue.
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