Shareholders revolt against £630m Persimmon payout
A UK shareholders society has rejected housebuilder Persimmon’s £630m payout to its top management team as anger grows over ‘fat cat’ payouts.
ShareSoc has recommended that its members vote against plans for remuneration laid out by York-based FTSE100 firm Persimmon.
It called enhanced director pensions “unnecessary icing on the cake” labelling it “excessive greed” to not reduce the current pension allowance for current directors, though new directors will receive the same level of pension as their employees.
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