Build boss’ gift af­ter bonus row

Western Mail - - NEWS -

THE boss of house­builder Per­sim­mon has vowed to hand a sig­nif­i­cant slice of his pay packet to char­ity af­ter fac­ing sting­ing crit­i­cism over his £100m bonus.

Chief ex­ec­u­tive Jeff Fair­burn said he will set up a pri­vate char­i­ta­ble trust to sup­port causes im­por­tant to him­self and his fam­ily.

In a per­sonal state­ment, Mr Fair­burn said: “I recog­nise and pro­foundly re­gret that Per­sim­mon’s strong per­for­mance over the last few years is be­ing eclipsed by the con­tro­versy sur­round­ing the 2012 LTIP award.

“I am set­ting up a pri­vate char­i­ta­ble trust which I plan to use to ben­e­fit wider so­ci­ety by sup­port­ing my cho­sen char­i­ties.”

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