Guardian Business
Debbie Crosbie receives £3.2m in bonuses after mutual building society’s takeover of Virgin Money Nationwide building society has nearly doubled the pay packet of its chief executive, Debbie Crosbie, a year after the board pushed through a controversial bonus scheme for its top boss. The mutual, which is owned by its members, released its annual report on Monday, showing Crosbie was handed £3.2m in bonuses – a combination of payouts for annual and longer-term performance – up from £1.1m a year earlier. It pushed her overall pay packet to £4.7m for the year to March 2026, marking an 88% jump on the near-£2.5m she earned for the previous year. Meanwhile, eligible staff within the wider 26,890-strong workforce will see their pay rise by an average of 3.8% from 1 July. “These changes reflect a significant investment in our people, recognising the contribution and commitment of those at the heart of serving our customers and delivering our strategy,” Nationwide said. Crosbie’s £1.2m annual salary was increased a further 2.9% in April this year. Continue reading...
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