Building boss nets R865m bonus

London – The boss of Britain’s second-biggest housebuilder Persimmon is to step down after the board said criticism of his multi-million pound bonus was a continuing distraction that had hit the company’s reputation.

Jeff Fairburn was the highest paid FTSE-100 chief executive in the financial year ending 2017, receiving £47.1 million (about R865 million), more than 20 times his pay in 2016.