Latest news with #Mutuo
South Wales Argus
22-07-2025
- Business
- South Wales Argus
Nationwide customers angry at 'controversial' decision
Three years after taking over as the chief executive of Nationwide Building Society, Ms Crosbie has received a 43 per cent increase to her maximum pay package, worth up to £7m per year. 'The truth is that mutuals have often been seen as niche: a 'nice to have but not essential',' says Peter Hunt, the founder of UK-based mutuals consultancy Mutuo. If you are a member of Nationwide Building Society please consider voting against CEO Pay Pay of all directors Don't re-elect any director as they all have their snouts in the trough. Cast you own vote. Don't give proxy votes to directors. 👎👎👎👎 — Prem Sikka (@premnsikka) June 18, 2025 'Nationwide is a domestically systemic banking institution,' the Building Societies Association (BSA) chief executive, Robin Fieth, said this weekend. 'It gives scale and importance to the whole of our sector.' James Sherwin-Smith, a longtime Nationwide customer, told the Guardian that Nationwide has been 'debasing … member rights … despite all the lovely positive PR that Nationwide puts out about having your say, and that they're a beacon for mutual good. "When I scratch the surface of that, I do not find substance.' Recommended reading: Edwin Fisher of the Building Societies Members Association said Nationwide is the 'most controversial, and has, in our opinion, the lowest standards of corporate governance'. 'They regularly churn out the line that members are the owners, but we all know that members have no say in anything,' he said. 'From the extensive engagement that we have with our members, we cannot see any evidence that our leading customer service, support for first-time buyers, growing market shares and record member financial value is in any way controversial,' Nationwide said.
Leader Live
21-07-2025
- Business
- Leader Live
Nationwide customers angry at 'controversial' decision
Three years after taking over as the chief executive of Nationwide Building Society, Ms Crosbie has received a 43 per cent increase to her maximum pay package, worth up to £7m per year. 'The truth is that mutuals have often been seen as niche: a 'nice to have but not essential',' says Peter Hunt, the founder of UK-based mutuals consultancy Mutuo. If you are a member of Nationwide Building Society please consider voting against CEO Pay Pay of all directors Don't re-elect any director as they all have their snouts in the trough. Cast you own vote. Don't give proxy votes to directors. 👎👎👎👎 'Nationwide is a domestically systemic banking institution,' the Building Societies Association (BSA) chief executive, Robin Fieth, said this weekend. 'It gives scale and importance to the whole of our sector.' James Sherwin-Smith, a longtime Nationwide customer, told the Guardian that Nationwide has been 'debasing … member rights … despite all the lovely positive PR that Nationwide puts out about having your say, and that they're a beacon for mutual good. "When I scratch the surface of that, I do not find substance.' Recommended reading: Edwin Fisher of the Building Societies Members Association said Nationwide is the 'most controversial, and has, in our opinion, the lowest standards of corporate governance'. 'They regularly churn out the line that members are the owners, but we all know that members have no say in anything,' he said. 'From the extensive engagement that we have with our members, we cannot see any evidence that our leading customer service, support for first-time buyers, growing market shares and record member financial value is in any way controversial,' Nationwide said.
South Wales Guardian
21-07-2025
- Business
- South Wales Guardian
Nationwide customers angry at 'controversial' decision
Three years after taking over as the chief executive of Nationwide Building Society, Ms Crosbie has received a 43 per cent increase to her maximum pay package, worth up to £7m per year. 'The truth is that mutuals have often been seen as niche: a 'nice to have but not essential',' says Peter Hunt, the founder of UK-based mutuals consultancy Mutuo. If you are a member of Nationwide Building Society please consider voting against CEO Pay Pay of all directors Don't re-elect any director as they all have their snouts in the trough. Cast you own vote. Don't give proxy votes to directors. 👎👎👎👎 'Nationwide is a domestically systemic banking institution,' the Building Societies Association (BSA) chief executive, Robin Fieth, said this weekend. 'It gives scale and importance to the whole of our sector.' James Sherwin-Smith, a longtime Nationwide customer, told the Guardian that Nationwide has been 'debasing … member rights … despite all the lovely positive PR that Nationwide puts out about having your say, and that they're a beacon for mutual good. "When I scratch the surface of that, I do not find substance.' Recommended reading: Edwin Fisher of the Building Societies Members Association said Nationwide is the 'most controversial, and has, in our opinion, the lowest standards of corporate governance'. 'They regularly churn out the line that members are the owners, but we all know that members have no say in anything,' he said. 'From the extensive engagement that we have with our members, we cannot see any evidence that our leading customer service, support for first-time buyers, growing market shares and record member financial value is in any way controversial,' Nationwide said.
