Bigger and Better Pay Increases as Usual in the Boardroom

March 2021 – It’s AGM time again at many building societies and as usual their annual reports show that directors have been awarding themselves large amounts of members’ money despite the hardships suffered by so many due to the Covid pandemic.  Their savings interest rates are close to zero and savers receive peanuts but life is different for those in the boardroom where large bonuses are paid come what may.  How very mutual.

Jeff Prestridge reports in thisismoney.