Bosses’ bonuses banned at six water companies – BBC News

11 comments

1. Can it be Bosses arrested for mass pollution and fraud please? 

2. Good. Had enough of those leeches profiting from poor service

3. So they will get stock instead, they’ll just use another loophole, just watch

4. It won’t make any difference. Base salaries will be increased to cover it.

5. TLDR: Anglian Water, Southern Water, Thames Water, United Utilities, Wessex Water and Yorkshire Water.

6. Do they deserve it? Absolutely. The problem, according to a report on BBC Radio 4, is that investors will see it as regulatory over-reach and will stay away. And without investment, the taxpayer will be on the hook.

   As usual, voters who were too lazy and uninvolved to protest privatization or too greedy, thinking they were in line to profit (hello Boomers) are 100 % responsible for this situation but are now kicking up a huge fuss about the inevitable problems.

   The only way out of this is for taxpayers to pay up. The same ones who are insisting that Boomers should continue to be handed a fuel allowance to heat their massive homes that they own by taxpayers like me who will never own and certainly won’t get decades-long retirements. Kids are suffering more than anyone. Even more is in the works to be taken from them to pay for Boomer heating welfare and water company bailouts.

7. They will loophole it. The government needs to admit that privatisation has failed.

8. Now ban them from being able to sit on the OfWat board and then ban them from lobbying government.

9. More profit to be distributed to share holders then. Makes no difference to service or bills.

10. Great by reducing their pay we are sure to get better people running these vital companies. /s

11. Why limit this to Water Companies? No business that is non-profitable or has been found guilty of violating safety or environmental legislation should be allows to award discretionary bonuses to Executive staff.

    Far too many companies pay artificially low rates of corporation tax due to shifting profits offshore – if they couldn’t pay their execs a bonus in that scenario, I think the practice would come to an end pretty quickly.

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