When bosses of house building companies receive hundred million pound bonuses to perform a basic commercial role you know something has gone badly wrong with our economics and also with our governance. When they can’t provide quality products or decent customer service you also realize that something has gone badly wrong with their business model. […]
The corporate house builder Persimmon plc recently announced huge bonuses for its executives. While the government’s policy of “Help To Buy” has undoubtedly helped to create these vulgar bonuses, the construction methods used by Persimmon and other corporate builders have allowed them to capitalise on this windfall.