AS a member of Skipton Building Society I would like to draw the attention of your readers to the annual report I have received from the society.

On page 33 is a summary of the remuneration package paid to the four chief officers. Even in these times of corporate greed, the figures quoted are astonishing.

For example, last year the chief executive, Mr Cutter, received a total pay package of £751,000 which included ‘performance pay’ of £296,000.

In the real world in which most of us live and work, we are paid a salary on the assumption that we will carry out our duties to the best of our ability.

It seems that at the Skipton Building Society, this assumption does not hold and extra ‘incentives’ have to be offered to ensure that the job will done to the required standard.

Mr Cutter is not the only one to be rewarded so gratuitously. In 2013, the combined salaries of Mr Cutter and his three chief officers amounted to £2,196,000, which is an increase of £526,000 (almost 30%) over their previous year’s pay.

Even the part-time chairman of the board received £155,000.

Of course these people do hold responsible posts and are charged with ensuring that the society is run properly and at a profit.

However these astronomical payments are way beyond what most people would regard as reasonable and fair.

John Turley, Knightsbridge Avenue, Colne.