Redrow boss gives Persimmon another blast, calling bonus scheme a 'disgrace'

By Dave Rogers2018-09-04T10:08:00

Steve Morgan says furore has ‘left cloud over industry’

Redrow chairman Steve Morgan has reignited his criticism of Persimmon’s bonus scheme branding it a “disgrace” that has allowed critics to accuse housebuilders of being too greedy.

Morgan said the controversy had led to accusations that the government’s Help to Buy initiative was being used by firms to ramp up profits and increase directors’ entitlements.

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