Make it into a not for profit charity owned by its customers, simples. Then if the CEO doesn’t perform and overpays themselves, the company owners can sack them.
Can you put explain a bit more about the creditors taking a hair cut?
Could another company (or the state) simply take over the licence - not sure who owns the infrastructure - and leave current business to find some other means of making money for shareholders.
Thames Water have the nerve to want to pass the costs of infrastructure repairs back to its consumers & pay out bonuses to its CEO & shareholders BEFORE ensuring their sewage, drainage & supply systems are fit for purpose. Absolutely disgraceful to think it deserves a Govt bailout! 🤬
So the Govt should definitely bring back under public ownership, but also demand repayment of any bonuses that have been paid out, to both CEO & shareholders: they haven’t done their job at all & have just allowed continued failure to maintain adequate services to continue, as well as pollution. 🤬
Sadly all the privatised public services, sold by Thatcher at knock down prices, are underwritten by the taxpayer. The only loser is the taxpayer.
Labour won’t renationalise, they’ll bail out TW.
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Could another company (or the state) simply take over the licence - not sure who owns the infrastructure - and leave current business to find some other means of making money for shareholders.
Labour won’t renationalise, they’ll bail out TW.