Persimmon boss Dean Finch received a total salary and bonus package of 2, 2.6 million last year, according to the York-based manufacturer’s annual report. This compared to £ 218,326 in 2020, although he took over as boss only in September of the same year. His salary included a salary of 7 725,000, an annual bonus of 1, 1.3 million and a ransom prize of 4 404,384 to make up for the gains he lost when he left his former employer, the National Express. Finch’s fixed salary and benefits of 33 833,742 were 32 times higher than the .00 26,005 paid last year for Persimmon’s lowest paid quarter. However, Finch’s package was still far below the 110 110 million proposed bonus for Jeff Fairburn, who served as Persimmon’s CEO until November 2018. The bonus was reduced to εκατο 75 million and Fairburn promised to give a “significant” amount for charity, but was still excluded in November 2018. It provoked public outrage, especially as the builder relied in part on government assistance to buy a program for his sales. The 29 29 billion purchase aid program, which targets first-time buyers and expires next year, was criticized by a House of Lords report in January for failing to “provide a good value for money” to the taxpayer. Fairburn has since made a comeback with Berkeley DeVeer, a Wetherby-based builder, in which he acquired a controlling stake in January 2020. A year later, the company acquired another manufacturer, Avant Homes. At Taylor Wimpey, outgoing CEO Pete Redfern received a total salary and benefits package of 2, 2.8 million last year, up from 1, 1.1 million in 2020, according to his annual report. It included cash bonuses and shares of 1.3 million pounds, while in 2020, at the height of the pandemic, the company decided to cancel the executive bonuses. Redfern has run the company for 15 years and hands over to Jennie Daly, the group’s current chief operating officer, who becomes chief executive officer at its annual meeting in late April. Its total remuneration increased to εκατο 1.3 million £ last year from 15 515,000 2020 in 2020. Subscribe to the daily Business Today email or follow the Guardian Business on Twitter at @BusinessDesk Taylor Wimpey’s median pay and employee benefits are £ 46,455, with the lowest quarter paid £ 31,651. Construction revenue rose 54% from 2020 to ,3 4.3 billion last year, similar to pre-pandemic revenue, while pre-tax revenue rose 157% to 80 680 million. This was even lower than the 2019 profit of 836 million pounds. Persimmon made pre-tax profits of almost δ 1 billion last year, up a quarter from 2019, as it completed 14,551 homes, generating revenue of 3, 3.6 billion. Berkeley Group CEO Rob Perrins is the highest paid boss of a builder in the UK. He received just under 8 8 million in salary and stock bonuses last year. Most of it, 7 7.3 million, was a payment from a long-term 2011 incentive plan, a stake that also drew public criticism. The seven-member executive team of the London and South East home maker received a total of around 24 24 million in fees and benefits last year. Persimmon and Berkeley declined to comment.
