You are here: Home - News -

Persimmon boss walks off camera when asked about £75m bonus

by:
  • 19/10/2018
  • 0
The boss of housebuilder Persimmon walked off camera when asked about his £75m bonus.

 

Jeff Fairburn was questioned about the controversial payout during a BBC interview.

The chief executive said he would “rather not” talk about it and added that the issue has already been “well-covered”.

When the interviewer persisted and asked if any lessons had been learnt from the episode, the chief executive walked off camera.

Fairburn can be heard saying that it was “unfortunate” he had been asked about the bonus.

The chief executive had originally been set to receive an eye-watering £100m pay boost, before it was marked down to £75m, under a long-term incentive plan linked to the share price.

The government’s Help to Buy scheme is credited with boosting demand for new-build homes, profits – and share prices – for builders since it was launched in 2013.

Fairburn took the role as chief executive in the same year, after joining the board in 2009 and the company in 1989.

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
Specialist finance M&A activity worth more than £5bn over past year – analysis

More than £5bn worth of mergers and acquisitions (M&A) have taken place in the specialist finance sector over the past...

Close