Redrow Chairman Steve Morgan has criticised rival house builder Persimmon for paying a £110m bonus to CEO Jeff Fairburn, saying the firm is "doing the whole of the industry a complete disservice". hugely controversial £110 million bonus for its boss. Under Persimmon's long-term incentive scheme, Fairburn became eligible for the first £45m of his bonus last month. The scheme was introduced in 2012 – before the coalition government brought in Help to Buy, which fuelled the share prices of large house builders. In an interview with BBC Radio 4's Today programme, Morgan said: "I think it's very important that we have competition
Redrow Chairman Steve Morgan has criticised rival house builder Persimmon for paying a £110m bonus to CEO Jeff Fairburn, saying the firm is "doing the whole of the industry a complete disservice". Under Persimmon's long-term incentive scheme, Fairburn became eligible for the first £45m of his bonus last month. The scheme was introduced in 2012 – before the coalition government brought in Help to Buy, which fuelled the share prices of large house builders. In an interview with BBC Radio 4's Today programme, Morgan said: "I think it's very important that we have competition