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

Housebuilder cuts controversial bonuses to top trio following public outcryPersimmon is reducing bonus payouts to three top executives by £51m, including a £25m cut for its chief executive, after the UK’s second largest housebuilder was strongly criticised over its huge payout plans.The FTSE 100 firm said a bonus of £100m for its chief executive, Jeff Fairburn, would be cut to £75m under the company’s long-term incentive bonus plan. Continue reading...