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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.

Continue reading: FT Opening Quote – Persimmon tops out 2017 with 9% sales rise

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