Today:

25/09/2021

I want that job!-Jeff Prestridge

Share this article

Building society bosses try to look virtuous, says Jeff Prestridge in The Mail on Sunday. But their six-figure bonuses, at a time when the pandemic has raged” and savers “have experienced savage cuts to the income they receive on their deposits,” seem “egregious and terribly unmutual. ”

Yorkshire Building Society has announced an additional £1m investment in the communities it serves-a “commendable” sum that is belittled by the combined £528,000 bonuses paid to CEO Mike Regnier and two executives.

Coventry boss Steve Hughes only joined the society shortly after the pandemic began in March. Yet he received a full year’s executive bonus of £140,000, an “annual success” bonus of £23,000 and £160,000 for resigning from rival Principality.

Meanwhile, Richard Fearon, who runs Leeds, also enjoyed a £190,000 bonus, taking his total pay to £684,000, up 3.8% in 2019.

Kris Paterson is a writer for WhatJobs.com

Image credits: Interactive Investor

Similar Articles

Don't Miss

Navy Will Cut 500 Civilian East Coast Jobs

To fulfil Navy Region Mid-Fiscal Atlantic's Year 2022 budget objective, 500 Navy civilian employees on the East Coast will be laid off, and port activities would be limited to daylight Monday through Friday.

Fed signals bond-buying taper may start soon

As the US central bank's shift away from economic crisis measures gets traction, the Federal Reserve indicated on Wednesday that it will likely begin cutting its monthly bond purchases as soon as November, and that interest rate hikes may come sooner than planned.

Should staff return to the office?

For example, it may persist with current Covid-19 precautions in the workplace, requiring employers to plan for social distancing and to provide extra hygiene facilities. There may also be special arrangements in place for Vulnerable workers, such as pregnant women and those who have been shielding during the crisis