Persimmon boss loses cut of bonus

Persimmon boss loses cut of bonus

Persimmon’s Chief Executive will have his bonus cut by £25m following criticism over excessive rewards, the BBC reports.

Jeff Fairburn will receive £75m worth of shares rather than the £100m he was previously due to get under the company’s long-term incentive bonus plan.

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Comments (2)

  • VeniVidiVici
    VeniVidiVici
    Mon, 26 Feb 2018 3:37pm GMT
    Does this imply that we are paying too much for our houses? We know we live in rip off Britain, but why do we allow it to happen?

    I'm always puzzled at large companies eg Tesco triumphantly declaring billion pound profits. This just translates to me we have been mugged at the tills and the farmers/ producers ripped off on dreadful prices and terrible payment terms. Not to mention supermarket "cash-back" clauses where a supplier has to pay them money for being awarded a contract.
  • Boris
    Boris
    Mon, 26 Feb 2018 2:16pm GMT
    The amounts that are banded out here are disgusting when you consider that people are struggling to pay for food, are loosing their homes and the public sector haven't had a proper pay rise in years.
    Do those men and women who work hard on the front line of persimmon get 1 million in shares as well? What about the craftsmen and women who build their properties? How can it be fair for a CEO to get a performance related bonus simply for doing the job he's employed to do? I can guarantee that his yearly take home pay is probably three, four or even five times as much as those who slog away in all weathers building the properties he's being rewarded for. Disgusting and a perfect example of how fat cats have no clue about the real world the rest of us live in.

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