City Guide to Edinburgh, Scotland

City Guide to Edinburgh, Scotland

Nationwide members you should know this

By edg - Posted on 28 June 2010

Members of the Nationwide, Britain's biggest building society, get a chance to take away the cream from executive fat cats.

Echoing the feelings of many of its members in his blog post, Jeff Prestridge, Personal Finance Editor Financial Mail on Sunday, attacks Nationwide executives for awarding themselves on average £1,155,000 each in the last financial year, a 35% increase, while annual profits fell. Oh, and there's a recession on isn't there?

Prestridge advises members to respond "by specifically voting AGAINST the directors' remuneration report in the voting form they received with their summary 2010 accounts."