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Ban on using customer cash to fund water boss bonuses
Daily Express
|November 22, 2024
NINE water companies have been banned from using bill payers' money to fund bonuses for their bosses.
Debt-laden Thames Water is one of three firms, including Yorkshire Water and Dwr Cymru Welsh Water, blocked by industry regulator Ofwat from allowing customers to pay £1.55million in bonuses.
A further six companies have voluntarily decided not to push the cost of executive bonuses worth £5.2million on to customers, with shareholders instead paying.
Greed
This story is from the November 22, 2024 edition of Daily Express.
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