Property News · December 15, 2017

Persimmon chair resigns over chief executive's 'obscene' £128m bonus


Nicholas Wrigley quits in recognition of his failure to cap housebuilder’s pay scheme, believed to be most generous ever in UKThe chair of Persimmon has resigned over his role in orchestrating a £128m bonus for the housebuilder’s chief executive, Jeff Fairburn, that will begin paying out on New Year’s Eve.Nicholas Wrigley, the company’s chair and a former banker, said he regretted not capping the bonus scheme and was leaving “in recognition of this omission”. Continue reading…

Source : theguardian.com
Read more…Persimmon chair resigns over chief executive’s ‘obscene’ £128m bonus