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 .
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. Persimmon's chairman and its remuneration committee head both left in December after admitting directors' earnings should have been capped.