Close Menu
    Thames Water chairman accused of conflict of interest over £37m share dividend payment
    United Kingdom

    Thames Water chairman accused of conflict of interest over £37m share dividend payment


    Thames Water chairman accused of conflict of interest over £37m share dividend payment

    https://www.theguardian.com/business/2025/feb/08/thames-water-chairman-accused-of-conflict-of-interest-over-37m-share-dividend-payment

    Posted by F0urLeafCl0ver

    Share.
    View 14 Comments

    14 Comments

    1. lickswaffles on

      Should be going to prison for paying himself that dividend while the company apparently requires hundreds of millions for repairs

    2. Vdubnub88 on

      Why are thames water bosses and shareholders gettin any bonuses or dividends? They are in big time debt.

      The working class are going to expect substantial increases in water bills very soon. water needs to be a non profit service. Its vital to human survival. Britian is the only country in the world that has privatised water companies.

    6. F0urLeafCl0ver on

      To be clear the conflict of interest was between the interests of Thames Water’s shareholders and the operating water company, there’s no suggestion that Montague personally gained from the dividend payments.

    7. joshyboyXD on

      iirc we’re the only nation with fully privatised water, Chile might not be 100%.

      I’ve written to my MP, I’ve posted on boomer Facebook pages too, I can’t understand why we don’t have a massive movement pushing and demanding the renationalisation of water – our most essential need on earth. We’re one of the largest economies on the planet for fuck’s sake.

    9. Agreeable_Falcon1044 on

      Where’s the governance? They are posting huge debts, are running a monopoly shake down of customers, polluting our rivers, failing to repair leaks…yet every year they pay themselves millions and defend it by “well if we didn’t, what about the poor freezing pensioners who will miss out?”

      Time we punished companies like this and let them go to the wall. Should be nationalised for this very reason.

    10. orangecloud_0 on

      Why the hell is that private? I’ve lived in England for 10yeara now and I’m still baffled

    11. Jurassic_Bun on

      The fact this privatization of our water is continuing under Labour is tiring, it feels like they generally do not care about the state of the country. End it for gods sake.

    12. circle1987 on

      Something does not add up. Is there a reason this company are paying “bonuses” and “dividends” when there is so much debt and water bills are rising? What am I missing? Because surely, if you have defaulted on your mortgage for the last 2 years and your nan gives you £100,000 as a gift you’d be expected to pay that, by law, to the bank? In confused.

    13. xenoborg007 on

      The UK has finally proven to the world that privatisation and “competition” is defacto worse off than nationalisation in every single way. Water / Gas / Electricity / Internet / Public Transport We’re getting fucked on every one of them.