Paul Thwaite, NatWest's CEO, will be in line for a remuneration package worth around £6.5m if investors in the bank approve a new remuneration policy next year, Sky News learns.
  • wewbull@feddit.ukEnglish
    15·
    15 days ago

    So my question is, how much did the state invest and what was the return on that investment (index linked)?

    I’m sure NatWest are very happy not to be partly owned by the state.

    • FarceOfWill@infosec.pubEnglish
      3·
      14 days ago

      Something like a 20% loss, before inflation. Figures will come out next year when it’s actually complete. Not sure if the government took money out in that time by dividend but it would be a bit weird to so I assume not.

      But then, the cost of not doing it would have been much much worse.

      • wewbull@feddit.ukEnglish
        6·
        13 days ago

        If true then something is fishy.

        The company was in trouble, so the initial investment should have been at a good price. The company has now recovered, and the states investment should have grown with it.

        How do you make a 20% loss on that?

  • Tenebris Nox@feddit.ukEnglish
    3·
    12 days ago

    While the UK spirals the economic waste bin, Nat West makes 18.3% profit this year (£1172 million).