Hints and tips:
...Duncan Wrigley of Pantheon Macro noted to Unhedged that the total authority of Xi loyalists “is a further signal of no immediate move from zero-Covid despite the economic disruption”....
...The former chair, Nicholas Wrigley, as well as Jonathan Davie, head of the remuneration committee, resigned in 2017. Any meaningful change, however, requires a wider cull....
...Chairman Nicholas Wrigley and the head of its remuneration committee resigned in December after admitting the bonus scheme was badly designed....
...Nicholas Wrigley will remain as chair while the board seeks his replacement, Persimmon said, while remuneration committee head Jonathan Davie is also stepping down....
...The revolt came despite Persimmon promising to reduce the proposed £110m payout to chief executive Jeff Fairburn following heavy criticism from shareholders and politicians....
...The chairman of Persimmon has quit as the UK housebuilder admitted a director bonus scheme that has put chief executive Jeff Fairburn in line to receive more than £100m was designed badly....
...Persimmon has attracted heavy criticism from MPs in recent weeks over a pay scheme that will award top executives tens of millions in bonuses, and puts chief executive Jeff Fairburn in line to receive £100m...
...Jeff Fairburn will be able to cash in almost half of a bonus expected to be worth around £100m from December 31. His total pay for 2016 was £2.1m, according to the company’s annual report....
...S: “Even your chairman, Nicholas Wrigley, and Jonathan Davie, former remuneration committee chair, are more embarrassable than you. They quit. And they’re bankers.”...
...Then just imagine how Jeff Fairburn, Persimmon’s chief executive, feels. On New Year’s Eve, he received the first £50m chunk of his controversial £110m bonus....
...Jeff Fairburn, chief executive, said that growing appetite for homebuying, combined with Persimmon’s increased investment in land, enabled the higher payouts....
...Persimmon chief executive Jeff Fairburn said the figures reflected “the continuation of healthy customer demand”....
...meet market demand, get a lead on completions and build on newer land with better margins our return on capital has increased significantly, even after investing strongly in land,” said chief executive Jeff...
...: To fund these large purchases [GE, Goldman and Wrigley], I had to sell portions of some holdings that I would have preferred to keep (primarily Johnson & Johnson, Procter & Gamble and ConocoPhillips)....
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