Redrow chairman Steve Morgan has criticised rival house builder Persimmon for paying a £ 110 m bonus to CEO Jeff Fairburn , saying the firm is " doing the whole of the industry a complete disservice " . Redrow founder Morgan, whose stake in the business is worth £750 million, fumed: “One company has got it very, very wrong. Under Persimmon 's long - term bonus scheme , Fairburn became eligible for the first £ 45 m of his bonus last month . The scheme was introduced in 2012 – before the coalition government brought in Help to Buy , which fuelled the share price of large house builders . Morgan 's chairman and its remuneration committee head both left in December after admitting directors ' earnings should have been capped .
Redrow chairman Steve Morgan has criticised rival house builder Persimmon for paying a £ 110 m bonus to CEO Jeff Fairburn , saying the firm is " doing the whole of the industry a complete disservice " . Under Persimmon 's long - term bonus scheme , Fairburn became eligible for the first £ 45 m of his bonus last month . The scheme was introduced in 2012 – before the coalition government brought in Help to Buy , which fuelled the share price of large house builders . Morgan 's chairman and its remuneration committee head both left in December after admitting directors ' earnings should have been capped .