Redrow chief: huge Persimmon bonuses ‘very, very wrong’

Steve Morgan says property industry leaders are ‘peed off’ with the £110m payout to boss of rival firm

The boss of housebuilder Redrow has described a £110m bonus being paid to the boss of rival Persimmon as “very, very wrong”.

Steve Morgan, the self-made multi-millionaire founder of Redrow, said property industry bosses were “peed off” with the vast amount of money being handed to Persimmon CEO Jeff Fairburn. Politicians, campaigners and City experts have described the vast payout as “obscene” and “corporate looting”.

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Source: theguardian
Redrow chief: huge Persimmon bonuses ‘very, very wrong’