Pidgley receives £1.5m bonus for Berkeley profits

Berkeley chairman Tony Pidgley received a £1.5m bonus in 2009, according to the firm’s final report and accounts, published today.

The bonus, which was on top of his £750k salary, was received after meeting dividend and land expenditure targets. With pension and other benefits, Pidgley’s total package totalled £2.41m.

Berkeley Group managing director Rob Perrins, who was finance director for most of the period covered by the results, received a £700,000 bonus, on top of his £350k salary, taking home £1.13m in total.

The group has already reported profits of £124m for the year on revenues of £702m, down 30% from 2008.