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Any other business

In defence of that £110 million bonus for the boss of Persimmon builders

6 January 2018

9:00 AM

6 January 2018

9:00 AM

New Year’s Eve was certainly a day for celebration in the household of 53-year-old Jeff Fairburn, chief executive of the housebuilder Persimmon. He was due to receive the first £50 million tranche of shares under a bonus scheme that has won him total entitlements of £110 million. He must have done a terrific job, you’ll be thinking, if shareholders value him so highly.

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