Property News · December 30, 2017

A fraction of Persimmon boss’s £110m bonus could house all homeless of York


Top executives of property developer that benefited from help-to-buy scheme face calls to donate part of their ‘obscene’ bonuses to charitiesThe boss of York-based housebuilder Persimmon is under increasing pressure to donate some of his £110m bonus to charity, as calculations reveal that his pay deal could be used to provide a council house for every homeless family in Yorkshire. Jeff Fairburn, 53, who joined Persimmon as a trainee when he was 17, will on Sunday receive the first instalment of a £110m share bonus which has been criticised by politicians, charities and corporate governance experts as “obscene”. Continue reading…

Source : theguardian.com
Read more…A fraction of Persimmon boss’s £110m bonus could house all homeless of York