UK house builder Persimmon has narrowly survived a revolt by investors furious about a pay deal for its chief executive worth roughly £75 million ($104 million). Just over 51% of shareholders voted on Wednesday to approve a controversial 2017 pay package for Persimmon executives including CEO Jeff Fairburn. Fairburn agreed earlier this year to cut his proposed compensation from a planned £110 million ($153 million) to £75 million. Shareholders voted 51.5% to 48.5% in favor of the revised pay package, which made Fairburn the top paid CEO in Britain by a wide margin. Aberdeen Standard Investments, which represents shareholders that own 2.3% of the company's shares, voted against the pay package, and said that reducing the payment from £110 million to £75 million "does not even get close to acceptable."

Source: CNN April 25, 2018 16:52 UTC