Thames Water hands £1 million payout to finance boss despite stricken finances
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Summary
Thames Water hands £1 million payout to finance boss despite stricken finances. Thames Water faces backlash after handing finance chief £1m signing-on fee as it battles mounting debt. The supplier has also reached settlement on controversial retention payments to 14 current and former senior executives.
Furthermore, Details of the payments have emerged as Thames Water is fighting to secure a rescue deal proposed by its senior creditors to avoid collapse and being placed in temporary nationalisation by the Government. The payouts also add to growing evidence that the sector is able to side-step last year’s Water (Special Measures) Act banning performance-related bonuses for bosses at utilities failing customers and the environment.
Cross-referenced from 4 sources.
Factual coreconfirmed by several independent voices
Thames Water hands £1 million payout to finance boss despite stricken finances.
reliability moderate2/2 sourcesThames Water faces backlash after handing finance chief £1m signing-on fee as it battles mounting debt.
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Reported detailssecondary facts, each attributed to its source
The supplier has also reached settlement on controversial retention payments to 14 current and former senior executives
according to Evening StandardDetails of the payments have emerged as Thames Water is fighting to secure a rescue deal proposed by its senior creditors to avoid collapse and being placed in temporary nationalisation by the Government.
according to The IndependentThe payouts also add to growing evidence that the sector is able to side-step last year’s Water (Special Measures) Act banning performance-related bonuses for bosses at utilities failing customers and the environment.
according to The Independent
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It's criminal to let this rip off continue with 16 million households paying the price.' The company disclosed last month that chief…
omitted byRight sidecovered byLeft sideRight sideThames Water faces backlash after handing finance chief £1m signing-on fee as it battles mounting debt.
omitted byRight sidecovered byLeft sideRight sideThames Water hands £1 million payout to finance boss despite stricken finances.
omitted byRight sidecovered byLeft sideRight side
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