Berkeley Group Executives to Get 280 Million Pounds, Times Says

Executives at Berkeley Group Holdings Plc stand to make 280 million pounds ($439 million) if they deliver on a plan to pay 1.7 billion pounds to shareholders over nine years, the Sunday Times reported.

Chairman Tony Pidgley, Managing Director Rob Perrins and four other executives will share the bonus approved by shareholders last year, the London newspaper said. The figures are based on last week’s closing share price, according to the Times.

To contact the reporter on this story: Isaac Arnsdorf in London at iarnsdorf@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net

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