Persimmon will receive a bloody nose from investors this week over a bonus scheme that will see its chief executive pocket £75m.
As many as half of the FTSE 100 housebuilder’s shareholders are expected to abstain or vote against the pay report at its annual meeting on Wednesday.
Boss Jeff Fairburn was due to receive £100m from an uncapped bonus plan introduced in 2012. In February, he gave up £25m of the haul and pledged to put a big chunk of the balance into a charitable trust, but the concessions were not enough to placate all shareholders.
