Ex-Natwest CEO Rose Loses Bonus, Stock After Farage Scandal
- Lender said Rose will forfeit deferred shares she’d earned
- Rose to continue to collect her salary, pension contributions
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British lender NatWest Group Plc has slashed former Chief Executive Officer Alison Rose’s pay by £7.6 million ($9.28 million) as the company looks to move beyond the debanking scandal that forced her out earlier this year.
Rose, who led the bank until July, will forfeit £4.7 million in deferred shares she’d been awarded, according to a statement on Friday. The company will also not pay Rose her £2.9 million bonus and other long-term awards for 2023, the statement said.