Santander UK boss pockets £4.1m despite PPI charge
Saturday 17 March 2012
Related articles
Ana Botin, the chief executive of Santander UK, was paid £4.1m last year, despite the bank's profits plunging by 40 per cent after it was hit by a £500m charge for mis-selling payment protection insurance (PPI).
Ms Botin, the daughter of the Spanish parent bank Santander's boss Emilio Botin, was paid almost three times what her predecessor, Antonio Horta-Osorio, picked up in 2010 before he left to take over as chief executive Lloyds Banking Group.
Her basic pay was £1.7m, on top of which she received an immediate bonus of £926,000 and a deferred bonus of £1.4m.
Santander had been planning to float its UK business, which is made up of the former building societies Abbey, Alliance & Leicester and Bradford & Bingley, on the London stock market with a value of some £3bn. However, that has been delayed in the wake of the PPI scandal.
- 1 What, let gays get married? We must be bonkers
- 2 'Something passed underneath us, quite close': Airbus A320 has close encounter with UFO
- 3 Rocky Horror star Tim Curry 'suffers major stroke'
- 4 Lord of the Sings: Sir Christopher Lee, 91, to release heavy metal album
- 5 Exclusive: Woolwich killings suspect Michael Adebolajo was inspired by cleric banned from UK after urging followers to behead enemies of Islam
Get your summer started with British Military Fitness
BMF is the UK’s biggest and best loved outdoor fitness classes
Visit York
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Making reading fun for kids
Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.
Introducing the 'Get Reading' campaign
Get the latest on The Evening Standard's campaign to get London's children reading.
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
Day In a Page
Johnny Marr talks relationships and reunions
In pictures: After the flood
Death becomes her: A very modern mortician
School of chop: Learning the art of butchery
The man who's eaten everywhere
A Berliner in 1963 – but did John F Kennedy once admire Adolf Hitler?


Comments