Thames Water Is Shite


Thames Water Wastes Water

Tuesday 17 July 2007

Value For Money

Thames Water bosses have been attacked over executive pay after the company, which has been heavily criticised for leakage, paid out large pay rises and bonuses.

The utility last year pushed up pay by 66 per cent for executives, many of whom left last October after its takeover by Macquarie, and gave a further £1 million in incentive schemes.

The move was condemned by London politicians, who said that Thames had imposed the first hosepipe ban for 15 years during the period.

Thames angered consumers and politicians last year after losing nearly a third of its water through leakage but increasing its profits by 31 per cent to £346.5 million.

Source: The Times

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