Santander paid 248 million into directors pensions last year
Santander, the bank, has been caught out paying a whopping 248 million euros into the pension funds of its directors. This is on top of 40,1 million in salary and “expenses” claimed by the aforementioned directors, all during 2011. The news comes courtesy of a leak to El Mundo. There are currently 20 directors, but in order to cut costs and bring the bank into line with austerity Santander had announced, today, that it will reduce Continue reading Santander paid 248 million into directors pensions last year