Persimmon slashes boss's bonus … to just £75m

Housebuilder cuts controversial bonuses to CEO and two other executives after outcryPersimmon is slashing bonus payouts to three executives by £51m, including a £25m cut for its chief executive, after the UK’s second largest housebuilder was strongly criticised over its controversial pay deal.The FTSE 100 firm said Jeff Fairburn would receive £75m worth of shares rather than £100m under the company’s long-term incentive bonus plan. Continue reading...