Build boss’ gift after bonus row
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.”