As expected Thames Water says it will raise base pay of bosses if Ofwat limits bonuses.
Limiting bonus is just a useless govt impression management exercise.
Need to put customer-elected directors on water company boards. Let customers vote on exec pay.
https://www.theguardian.com/business/2025/jan/15/thames-water-says-it-will-raise-base-pay-of-bosses-if-ofwat-limits-bonuses
Limiting bonus is just a useless govt impression management exercise.
Need to put customer-elected directors on water company boards. Let customers vote on exec pay.
https://www.theguardian.com/business/2025/jan/15/thames-water-says-it-will-raise-base-pay-of-bosses-if-ofwat-limits-bonuses
Comments
This has all gone on far too long.
"Regulatory capture" needs to be undone.
Then bring all water companies back into state ownership.
Precisely but will not happen as these are private businesses.
You can think thatcher and the tories for this mess.
I worked for a company that was going into debt without receiving my salary for almost a year - they paid me everything in full once it got out of the red...
Change the law so that execs' salary is reduced by the same % by which any discharges etc exceed the legal minimum (& make the legal minimum even lower) - e.g. 100% excess = salary zero.
He never challenged transphobic Holocaust denier Rosie Duffield. We were the first to be publicly attacked and among the first to the camps.
Useless, dangerous govt.
Take back control.
Taxpayers should also disown the legacy debt that was fraudulently raised to pay shareholders and not for bona fide business purposes. Let the banks (who were also in on the scam) chase former directors
@we-own-it.bsky.social