Nationwide Building Society 

August 2001 – Brian Davis – Chief Executive to “retire” at year end.

Our Comment – By “retiring early” rather than leaving he will receive an immediate pension of £314,000 per year through the generosity of Nationwide members and that will be on top of the salary and pension from his next job/jobs.  This annual payment for doing nothing is more than the majority of societies pay for a chief executive who is working.