1 Day
Source:
The Guardian
Thames Water in Dispute Over £1m Payment
Thames Water, facing potential government intervention due to environmental failures and financial instability, paid its finance chief a £1 million signing bonus despite warnings from the environment department about inappropriate executive payments. The company, responsible for water and sewage services to 16 million customers, is under scrutiny for outstanding debts and continued environmental misconduct, with calls from officials and campaign groups for its nationalization. The payment was made from emergency debt funds amid ongoing negotiations with creditors seeking control to avoid further financial collapse.
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