Thames water

[munchingmunch]

"Thames Water paid almost £2.5m to senior managers from an emergency loan that was meant to be used to keep the failing utilities company afloat – and has refused to claw back the payments, newly released documents reveal."

www.theguardian.com/business/2025/jul/09/thames-water-paid-out-millions-in-bonuses-using-3bn-emergency-loan-documents-reveal

How can they actually get away with this. Why are they paying bonuses in the first place when things aren't going so well. Then using money that was meant to help the company for bonuses.

What a mess. Rotten to the core.

I assume the reason they have done this is retention - otherwise the leadership will be like rats fleeing a sinking ship. Sizeable bonuses the only way to keep them there.

It’s almost beyond fixing. I have no idea what the solution is.

Greed and corruption. It should never have been privatised. Ordinary people having to pay.

I have no idea what the solution is.

Same

Greed and corruption

I'm shocked by how blatant it is though

I assume the reason they have done this is retention - otherwise the leadership will be like rats fleeing a sinking ship. Sizeable bonuses the only way to keep them there.

Given their poor performance, why strive to retain them?

CEO's seem to be interchangeable so just "poach" a good one from another organisation.

You wonder about the moral fibre of a person who takes a massive bonus for themself whilst demanding extra money from families on the poverty line. All whilst not maintaining or investing in the network.

It’s 21 managers so probably people across all sorts of disciplines.

Probably all quite specialist, and tbh the existing management aren’t necessarily those at fault for the current disaster - it’s been going on for years.

I wouldn’t be moving to Thames Water for a leadership role of any sort unless I was very, very well compensated for doing so.

Nationalisation?