What happened: NatWest CEO Paul Thwaite will receive a £6.6m pay package for 2025, the highest since Fred Goodwin's £7.7m in 2006. The board increased his overall pay by a third following NatWest's return to full private ownership.
Why it matters:
- This marks a significant rise in executive pay at a major UK bank.
- It reflects NatWest's financial recovery and private status, impacting shareholders and employees.
MNN Take: The pay rise recognises Thwaite's leadership in restoring NatWest's private ownership after government bailout. Executive compensation often reflects company performance and market conditions.
Sources: Guardian UK