City of London, investment

1 August, 2018

Investors increasingly vote against remuneration reports

Shareholder revolts against remuneration reports look on course to increase significantly, according to figures from the Investment Association. By the end of July thi...
Persimmon

26 April, 2018

Persimmon AGM vote sees investors slam executive mega-payouts

The level of shareholder frustration and anger at Persimmon’s huge executive bonus payouts was made clear at its AGM, with the majority either voting against or abstaining from signing off its remun...
Stewardship, investment, institutional investors

14 March, 2018

The promises and limitations of institutional investors

In January 2018, Jeff Fairburn, CEO of FTSE 100 housebuilder Persimmon, was awarded a
Persimmon

23 February, 2018

Persimmon’s mega executive payouts curbed by 50%

Mega payouts lined up for Persimmon executives due to an unfettered bonus scheme have been reined in, the housebuilder has confirmed. After drawing criticism from a range of quarters for the scheme...
corporate governance code

21 February, 2018

Could a revised governance code offer broader scope?

Just when it might seem that corporate governance debacles were receding into the past, along come two more as reminders that confidence in business can be fragile. Events at Persimmon (...
Persimmon

8 February, 2018

Redrow chairman slams mega-payout for Persimmon CEO

A huge bonus for Persimmon chief executive Jeff Fairburn has been lambasted by the chairman of rival housebuilder Redrow. Steve Morgan said that Persimmon's £110m bonus scheme, of which CEO Jeff F...
Persimmon

10 January, 2018

Persimmon CEO defends bumper bonus scheme

The chief executive of housebuilder Persimmon has defended a widely criticised remuneration scheme that will give him a bonus of more than £100m. Persimmon's chairman Nicholas Wrigley, and remuner...
Persimmon

15 December, 2017

Persimmon chairmen resign over executive pay cap omission

[caption id="attachment_6672" align="alignleft" width="300"]
bricks, housebuilding

24 April, 2017

Adviser concern builds for executive pay at Persimmon

The housebuilding sector faces further controversy over executive pay after it emerged that shareholder advisers have issued guidance to vote against the pay deal at Persimmon. The Financial Ti...

24 June, 2015

Easyjet’s strategy guru joins Persimmon

Persimmon has performed well over the past year with revenues of £2.08bn in 2013 up to £2.5bn last year. Pre-tax profits were also up 40% from £337m to £467m. Persimmon’s shares suffered in t...