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Reprehensible ‘reward’ for private housebuilder

THE resignation of Persimmon chairman Nicholas Wrigley over a disgusting £128 million bonus given to the housebuilding firm’s chief executive Jeff Fairburn gives the lie to Tory and business claims to be “responsible” and “fair.”

And it is truly disgusting —equivalent to £1,000 for each of the 128,000 children who will wake up homeless on Christmas Day.

The fact that Wrigley, an ex-banker, failed to impose restraint on Fairburn’s sordid payout — or any of the £800m Persimmon is paying to 150 senior bosses — should also be a reason to rethink placing workers on company boards or pay committees.

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