Crest Nicholson to pay bonuses despite shareholder revolt

Firm still plans to pay top executives hundreds of thousands despite profit growth target being cut by more than half
Shareholders in Crest Nicholson, one of the largest housebuilders in Britain, have voted against a pay deal for the company’s directors because of concerns that the performance targets were too easy.The rebellion means Crest Nicholson is the first major company this year to see investors reject its remuneration report, which is a major embarrassment.Continue reading...