Nationwide nearly doubles CEO’s pay packet to £4.7m despite bonus row

Key points

• Debbie Crosbie receives £3.2m in bonuses after mutual building society’s takeover of Virgin Money Nationwide building society has nearly doubled the pay packet of its chief executive, Debbie Crosbie, a year after the board pushed through a controversial bonus scheme for its top boss.
• The mutual, which is owned by its members, released its annual report on Monday, showing Crosbie was handed £3.2m in bonuses – a combination of payouts for annual and longer-term performance – up from £1.1m a year earlier.
• It pushed her overall pay packet to £4.7m for the year to March 2026, marking an 88% jump on the near-£2.5m she earned for the previous year.