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. The supplier has also reached settlement on controversial retention payments to 14 current and former senior executives. 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.
Furthermore, 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 2 sources.
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Thames Water hands £1 million payout to finance boss despite stricken finances.
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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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