At first glance, a share price within touching distance of a 180p flotation price in 2016 doesn’t look too bad for a banking boss. So the £10.5 million paid to David Duffy for running what is now called Virgin Money since 2015 might seem well-deserved. But that’s before you remember that Virgin Money is really two banks: CYBG, the owner of the Clydesdale and Yorkshire brands; and the Virgin business itself. When the merger between the two was announced in June 2018, CYBG shares were changing hands for 306p, while Virgin’s were at 312p. Yesterday the shares of the combined bank closed

Source: The Times January 28, 2020 17:08 UTC