Thames Water Is Shite


Thames Water Wastes Water

Monday 28 July 2008

Splashing Out

The Guardian reports that the three executive directors at Thames Water shared almost £1M in bonuses last year.

David Owens, the chief executive, received a bonus of almost £662K taking his overall remuneration package to almost £823K.

Stephen Shine, chief operating officer, and Mark Braithwaite, chief financial officer, received bonuses of £192,600 and £130,700 respectively.

No doubt the owners of 15,000 properties in Merton that were without water yesterday for seven hours, because of a major burst on Merton High Street, will be pleased to hear this.