Crisis Makes Sense When You Look At These Companies’ Obscene Profits

The Bureau of Investigative Journalism (TBIJ) has found that the four largest house building companies are doing so well, they’re planning an extra £6.6bn in shareholder payouts over the next five years. Between them, they made £2bn in pre-tax profits just last year. In addition, individual executive pay packages from salaries and share sales have gone into the multi-millions. Between 2011 and 2016, executives made the following amounts of money:

– Tony Pidgley from Berkeley – £94m

– Rob Perrins from Berkeley – £47m

– Jeff Fairburn from Persimmon – £8.5m

– Mike Killoran from Persimmon – £10m

– Peter Redfern from Taylor Wimpey – £24m

– James Jordan from Taylor Wimpey – £11m

– David Thomas from Barratt – £16m

– Steven Boyes from Barratt – £16m

The Berkeley and Persimmon executive pairs above also sit on shares worth £440m and £105m respectively. Read more on the Canary website.