Ministers to block Thames Water paying bosses bonuses out of emergency loan
https://www.theguardian.com/business/2025/may/15/ministers-to-block-thames-water-paying-bosses-bonuses-out-of-emergency-loan?CMP=Share_AndroidApp_Other
Posted by danamnic
Ministers to block Thames Water paying bosses bonuses out of emergency loan
https://www.theguardian.com/business/2025/may/15/ministers-to-block-thames-water-paying-bosses-bonuses-out-of-emergency-loan?CMP=Share_AndroidApp_Other
Posted by danamnic
24 Comments
Fucking good. Oh they might leave? Renationalise the whole damn thing then.
Damn those Red Tories for stopping bonuses being paid.
If we were France we would be burning things in the street with anger about all the shit Thames water do. Utterly outrageous company.
Why should they get rewarded for doing a shit job? No rewards for failing at their job is pretty standard.
Good, now also hold the criminally responsible for willingly polluting the waters.
Have we finally found the line between what they can get away with and what is unacceptable? Or is it just that it went public?
And Thames Water just finds a legal loophole to pay their bosses. Or do a ton of dodgy shit to techincally not pay the bosses but if those bosses got given “Gifts” from various accounts?
It’s genuinely repugnant what they’ve been allowed to get away with. Heads should roll.
A bonus is awarded when you do well not when you need government bailouts.
But guys, senior managers are Thames Waters most precious resource.
How did they say that and not get lynched‽
Any company that headhunts these senior managers will get everything they deserve.
It should not have been an emergency loan. It should have been traded for shares and a public seat on the board.
> Weston defended his pay to MPs, claiming: “I joined Thames because it matters to society. Within the first three months I did make a difference.”
Prove it. Prove what you did made such a difference that you deserved a bonus that’s 5x the average UK salary.
They deserve all the bonuses they can get. I mean they run a company loathed by nearly everybody, have massive debts, no modern infrastructure and yet despite being in times of financial insecurity they still manage to get loans. /S
When your company is up shits creek nobody gets a bonus!
>Ministers plan to use new powers to block bosses from Thames Water taking bonuses worth hundreds of thousands of pounds as the company fights for survival, the Guardian can reveal.
GOOD!! I hope these new powers cut their teeth on this useless, profiteering company
>Britain’s biggest water company admitted this week that senior managers are in line for “substantial” bonuses linked to an emergency £3bn loan.
For being useless bloated leeches, fucking fantastic
>Thames claimed the payouts were vital to retain staff and prevent rival companies from “picking off” its best employees. But the disclosure provoked fury as the company has said its finances are “hair raising” and that it had come “very close to running out of money entirely” last year.
You’re staff are clearly absolutely useless and parasites, no sensible company would want them
>Thames is in a desperate race to raise funds and persuade the water regulator to let it off hundreds of millions of pounds of fines or risk being renationalised.
Shouldn’t have allowed yourself to be fined in the first place than. Unbelievable that they are trying to squirm out of paying
And we all know the answer to re nationalisation now don’t we
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Good. I was hoping to see Labour’s Water (Special Measures) Bill in action.
What really boils my piss is execs like this that fail miserably, blatantly screw businesses over and people’s lives, yet somehow miraculously walk away with millions or a villa in the south of France, whereas I screw up in work I get sacked, or depending on the work, sent down for life.
“senior managers are our most precious resource” really because I thought it was the fucking water
Then start a proper inquiry into their general mismanagement of the water companies over the decades, especially in regards to recent sewage discharges. There are a lot of boardroom members who should be in jail because of their inaction.
Labour is on a roll. Growth, a couple of trade deals, and now stopping greedy fuckers
If you’re bankrupt, you don’t want to retain the senior managers who bsnkrupted you. In fact I suspect a lot of them should have stepped down when this bail out situation emerged.
The chair arguing that senior managers are its “most precious resource” is sorely mistaken. That would be the natural monopoly they have on the water they supply to their customers.
They are not a god. They are simply bad product.