Santander UK boss pockets £4.1m despite PPI charge
Saturday 17 March 2012
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 Home Office says Nigerian asylum-seeker can’t be a lesbian as she’s got children
- 2 What happens to your body when you give up sugar?
- 3 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 4 Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
- 5 Apple and Google users being spied on for a decade because of 'Freak' security flaw
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
iJobs Money & Business
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...
£36,000 - £40,000: Christine McCleave: Are you looking for a new opportunity a...
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...