Nationwide scales up on executive pay

Some top executives are earning 80 times the average Nationwide salary; time to look to at what France is doing Nationwide building society’s latest report and accounts reveals that five directors are now paid over £1m a year. One, Tony Prestedge, saw his pay packet jump 15% at a time when branch staff got a […]


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French finance minister says cap on top pay is ‘moral issue’

Pay squeeze delivers on a campaign promise by France’s Socialist president François Hollande France’s finance minister has declared a crusade against executive pay at state-controlled companies, describing a wage cap of €450,000 (£365,000) a year for bosses as a matter of “justice and morality”. Pierre Moscovici said the pay squeeze would come into effect over […]


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Hollande’s finance minister says €450,000 pay cap ‘matter of justice’

Pierre Moscovici said the pay squeeze will come into effect over the next two years and delivers on a campaign promise by France’s new socialist president François Hollande France’s finance minister has declared a crusade against executive pay at state-controlled companies, describing a wages cap of €450,000 a year (£362,000) for bosses as a matter […]


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