No more chauffeurs for Spanish bank BBVA’s management team

SPAIN’S second-biggest bank, BBVA, is ditching company cars and chauffeurs for all but the president and CEO to ‘move with the times’.

The new talent and culture (HR) manager has implemented more ‘casual’ systems in the company, with fewer perks for the management team to reduce the sense of hierarchy.

The move to strip board members of their cars, which some used to take their kids to school, has not gone down well.

But unlike Bankia, which auctioned off the Audi A8s of top bosses Miguel Blesa and Rodrigo Rato, BBVA’s BMWs are being kept in garages and available on request strictly for professional use.