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Three water firms have been directly blocked from using customer money to pay bonuses collectively worth £1.6m. While some firms voluntarily used shareholder money to fund boss bonuses, Thames ...
Thames Water is among nine firms that must ensure owners and shareholders pick up the tab for £6.8 million of executive bonuses. ... it also said that £1 billion was paid out in dividends to ...
Thames Water has been at the centre of growing public outrage over the extent of pollution, rising bills, high dividends, and executive pay and bonuses at the UK’s privatised water firms, and Mr ...
Critics have argued the water industry has historically neglected investment in favour of paying executive bonuses and shareholder dividends. But on Tuesday, Mr Weston defended bosses getting £ ...
On 10 July 2023, Thames Water shareholders agreed to provide £750m in funding, [31] short of the £1bn sought; the company also said it would need a further £2.5bn from investors by 2030. [32] In September 2023, Thames Water was one of several water companies ordered by Ofwat to pay back customers for poor performance.
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In a statement, the company said: “Ofwat is being kept fully informed on progress of the company’s turnaround and engagement with shareholders. “Thames Water continues to maintain a strong ...
For example Steve Robertson of the privatised Thames Water, which serves water to 10,000,000 people, [1] received a fixed salary of £745,000 in 2018, with potential bonus of £3,750,000 in 2020. [ 2 ] For a public-sector comparison, the UK prime minister is entitled to a salary of £167,391 [ 3 ] [ 4 ] and the Cabinet Secretary is entitled to ...