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Persimmon CEO to set up charitable trust after bonus plan criticism

From Reuters - February 14, 2018

LONDON, Feb 14 (Reuters) - The boss of British housebuilder Persimmon said on Wednesday he would set up a charitable trust after facing criticism over an incentive plan that could see him receive share options worth over 100 million pounds ($138.67 million).

The firms chairman and the head of its pay committee quit last year after they failed to curb the scheme which was criticised by some British media.

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