Acquisition puts ex-Persimmon boss in position to exploit UK housing market – and taxpayers’ money
Jeff Fairburn is back. The former boss of housebuilder Persimmon exited stage left in 2018, after he and his proposed £110m bonus had become a lightning rod for public outrage over the outsized profits being made by developers exploiting government loans to buyers of new-build homes.
On Wednesday, the 54-year-old executive returned to the headlines, with the takeover of a developer based in the east Midlands.