Finding it hard to get back to work, after the festive break? 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. Another 150 executives were due to share some £400m. It’s not likely to make any of them feel a need to leap out of bed this freezing January morning, is it? Or, as Numis prefers to express it, it could lead to problems with senior management retention.