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Dame Debbie Crosbie: Nationwide Boss Took Home Pay Package of £4.67m for Latest Financial Year
Nationwide said the increase came after Debbie Crosbie cashed in a long-term award tied to three-year performance.
- Chief executive Dame Debbie Crosbie received a total pay package of £4.67 million for the year ending March 31, nearly doubling her previous earnings following the £2.9 billion Virgin Money acquisition.
- Nationwide's pay committee stated it was "comfortable that remuneration outcomes reflect the society's excellent performance," while the firm distributes £100 to 4.4 million members this month as part of profit-sharing totaling £1.5 billion since 2023.
- Separately, James Sherwin-Smith became the first member-nominated candidate to stand for a board seat in 24 years, arguing the election is about whether members "have a meaningful voice in the governance of their society."
- Nationwide's board recommends voting against Sherwin-Smith, utilizing a so-called "quick vote" option and stating it was "not satisfied that he would contribute constructively and effectively to the board."
- Advanced voting opened on Monday ahead of Nationwide's annual general meeting on July 15, as Sherwin-Smith, with more than 20 years in financial services, challenges the board's assessment of his qualifications.
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Dame Debbie Crosbie: Nationwide boss took home pay package of £4.67m for latest financial year
The boss of Nationwide has seen her pay packet nearly double as she cashed in on bonus awards after steering the building society’s multi-billion pound acquisition of Virgin Money.
·Leeds, United Kingdom
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·London, United Kingdom
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Nationwide boss sees pay soar to £4.7m after Virgin Money deal
The boss of Nationwide has seen her pay almost double since the building society’s blockbuster takeover of Virgin Money. Debbie Crosbie, who has steered the mutual since 2022, bagged a £4.7m pay packet in the last financial year, up from £2.5m the year prior. The mammoth uplift was driven by the cash and bonuses from her first three-year incentive plan, which started back in June 2023. The awards had a maximum value of 100 per cent of Crosbie’s …
·London, United Kingdom
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Total News Sources11
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
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