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Mutuals really are different, aren’t they?

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The embattled Co-operative Group, still reeling from a banking scandal and preparing to lay off up to 5,000 employees, faces a new storm over plans to pay its chief executive more than £3.5m in his first year in the job, while massively boosting the salaries and bonuses of other senior staff.

Most ethical.
Or, alternatively, proof that you’ve got to pay to get people who know what they’re doing.


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