Not saying this is the same, but don’t a lot of companies take out money just before they crash …BHS, Carillion …
And is this a proper time?
“A group of 130 bosses at housebuilder Persimmon are set to share a £300 million bonus bonanza in the biggest windfall in the history of the industry.
The unprecedented payout is part of a notorious bonus scheme that is delivering £75 million to the chief executive Jeff Fairburn.
Tomorrow’s payday will hand 130 senior managers an average of £2.3 million each. The handout is the second and largest part of an incentive scheme, that will take the total for managers below the board level to £500 million.
They previously shared in a £200 million payout over Christmas which was overshadowed by the storm over Fairburn’s £50 million. …”