Welsh Water boss defends £892,000 earnings at not-for-profit provider

by GDW312

24 comments
  1. Probably in line with what other people in his position at similar sized companies earn, if not less. Not that people will like to hear that…

  2. Imagine scoring 25/100 on performance at your job and that earns you a £91,000 bonus

  3. Well if everyone’s bill has gone up as much as mine has this year, I’m sure he’ll get a better bonus next year. Nice to be able to help.

  4. Let your dog shit on the pavement, £200 fine.

    Dump shit in our rivers for 971,403 hours, £91k bonus.

  5. Absolutely disgraceful. It would be one thing if Dwr Cymru were the best performing water company in the UK but they’re far from it.

  6. FTFY:

    Welsh Water boss attempts to defend his indefensible £892,000 earnings at not-for-profit provider.

  7. That’s why it’s not for profit there’s no profit left after paying him!

  8. I was on the Irish ferry going through the cleddau a few weeks ago, the amount of raw sewage that was being dumped in the river was unbelievable, was about a 200+ meter slick of raw poo!

    But least this man got him bonus aye 🥳🥳

  9. Our politics is broken, both the Senedd and Westminster. They’re only beholden to their donors, the market and media magnates. Hence why stuff like this will continue.

    Pursuing change through a broken political system will not work. We have to take direct action.

  10. This guy should be sacked, he is doing a terrible job. The greed combined with incompetency makes me sick.

  11. The “not for profit” tag for Welsh Water is misleading. They don’t have shareholders, so no profits are being distributed to shareholders, but they issue “corporate bonds” to raise finance instead – the bondholders get paid wether Welsh Water make a profit or not. This is probably worse than shareholders, who theoretically* can’t get paid unless there are profits or retained profits with which to pay them.

    (* the theory doesn’t hold up in the water industry as there is no competition and prices are rigged so no water compamny can make a loss, so actually the same as if it were bonds.)

  12. I’m in the process of getting a water meter fitted, because of the recent price increase announcement.
    As someone who lives alone, and doesn’t use much water, I didn’t realise just how much I’ve been overpaying them for years, look into it if you’re the same.

  13. Woke up with my water literally *tinted yellow*!! Yeah, he can fuck right off

Comments are closed.