| Updated:
Nationwide boss Beale’s pay rises to over £1.88m
NATIONWIDE chief executive Graham Beale was paid a total of £1.88m this year, an increase of £350,000 on last year’s wages.
On top of a base salary of £650,000, Beale received £441,00 in performance related pay, and a £101,000 pension contribution.
His basic pay packet next year will increase by a further £175,000 to £825,000, as the building society acknowledged that “base salary for out executive director roles has fallen below a market competitive range over time”.
All of Nationwide’s six executive directors received more than £850,000 in total pay each.