Enter Nationwide, whose new CEO Debbie Crosbie used to work at Virgin Cash till 5 years in the past, when she left to affix TSB. She has now bid to purchase this bottom-tier financial institution from her outdated boss for 40% greater than its market worth. If this transaction goes by, David Duffy, the CEO of Virgin Cash, is anticipated to be given a golden parachute value £15 million, whereas Branson is ready to pocket almost £700 million. Little question there might be hefty bonuses for Nationwide bosses, who will pocket the money and transfer on, leaving a multitude that the devoted workers and trusting clients might be caught with for years afterwards.
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/QLSVYOVFCZGXBOS5RVIEZ2IF24.JPG?resize=350%2C250&ssl=1 "RSA calls for higher penalty points for speeding; Covid-19 saw ‘1,100 excess deaths’ in Ireland – The Irish Times")
