US Newspapers – The Red Chair quits over £ 100 m in prize money bosss

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US Newspapers – US Newspapers – The Red Chair quits over £ 100 m in prize money bosss
US Newspapers – US Newspapers – The Red Chair quits over £ 100 m in prize money bosss

Nicholas Wrigley has quit as chairman of Persimmon PSN over his role in the companys incentive structure that is set to hand chief executive Jeff Fairburn a £100 million bonus. Persimmon announced Wrigleys departure, citing the 2012 longterm incentive plan LTIP. Remuneration committee chairman Jonathan Davie is also leaving the business over the payout. The board believes that the introduction of the 2012 LTIP has been a significant factor in the companys outstanding performance over this period…

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