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.
Continue reading...This article was originally published by The Guardian and written by Kalyeena Makortoff Banking correspondent.
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