Nationwide chief Joe Garner paid £500 a day in expenses - News Summed Up

Nationwide chief Joe Garner paid £500 a day in expenses


Joe Garner leads the biggest mutual in the UK, with 15.9 million members and almost 18,300 staff BEN GURR FOR THE TIMESThe chief executive of Britain’s largest building society has received benefits worth more than £500 a day to cover the cost of travel, security and medical expenses. Joe Garner, the boss of Nationwide, was handed £185,000 in perks during the 12 months to April 4, according to the group’s latest annual report. They equate to almost £507 for every day of the year and were in addition to his £885,000 salary, £292,000 pension allowance and £1 million bonus. These took his total remuneration for the year to £2.37 million, up from £2.32 million a year earlier, even as pre-tax profits at the mutual fell by 15 per cent to £833 million. Mr Garner, 49, leads what is by far the biggest mutual in the UK,…


Source: The Times June 17, 2019 23:02 UTC



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