Money grabbing self-serving opportunists will always be giving themselves a pat on the back when it works out for them.
Why has no one commented on this? these are the most pressing societal issues, when it comes to those “bosses getting their bonuses.” It’s the most criminal.
Those who like the taste of polish which goes on boots* will be along to tell you that your pension funds, which must all be worth a FORTUNE, rely on water companies to give you a supposed cushty retirement.
To be honest, I’d rather be able to afford to live now with lower bills on utilities. Maybe I’d be able to afford to pay into a pension with lower bills *(please don’t tell me about workplace pensions, I’m self employed).*
It’s the job of utilities to provide power/water/gas, not to provide retirement/pension fund growth.
**usual wording gets your comment shadow banned on this sub*
People really have to realise that ‘private sector efficiency’ *only* means effeciency in making profits for the owners. Not efficiency in running the company ‘well’ in the traditional sense that the general public would recognise.
These CEOs are doing wonderfully at their job because they’re taking water infrastructure and running it into the ground, charging for the water and ignoring maintainance and environmental concerns. That’s why they get their bonus.
Want this to change? You need change the system – nationalise the water companies and set their targets on delivering clean water with the fewest leaks and least environmental impact. Plus you get the bonus of being able to influence the service through democratic voting. You don’t get any influence with a private water company. Don’t like it? Tough, what are you going to do? Stop using water?
Then all the money that goes into the service, stays in the service, and is not skimmed off relentlessly to pay shareholders and owners and huge bonuses.
Privatisation works for goods where there can be a lot of innovation and variation and customers aren’t forced to buy it no matter what, like luxury goods. Companies can compete and offer varying products and the consumer market decides which one succeeds.
There’s absolutely no good reason why industries like water, energy, train, bus, sewage, garbage disposal, healthcare, policing, even internet etc. need to be run by private businesses skimming profits off the top.
The CEO of the worst performing water company in the country got a half a million quid bonus.
Why are companies rewarding failure?
Isn’t that “because of” and “despite”? I guess dumping sewage is cheaper than treating it –> profit!
Directors bonuses will be paid on how much profit they can make for their share holders. If they can make more profit by paying small fines and not addressing operating issues they will.
This is how businesses work. They exist to to make profit.
Arguably this is why things like utilities should not be businesses – but that is a different issue.
LOL people literally actually for real swimming in actual shit while these management bozos bank millions. It’s not a bonus scheme, it’s looting.
I understand these companies are privately owned and it’s a free market.
Can somebody show me how I can change water companies? Move to a different provider?
And remember people, careful with your water use so these bosses golf courses can have plenty.
I used to work in Liv Garfield’s organisation many years back when she was an ‘up and comer’.
She was only my age at the time, like 24 or something not really surprised she’s now a CEO pulling in millions but it really seems to be down to the circles you run in. My only real impression of her was that she would deliver content on the weekly calls like a race horse commentator.
Shit people mock others on shit wages with shit excuse for bonuses after dumping shit on your beaches and shit in your rivers, while not upgrading their shit infrastructure.
12 comments
Money grabbing self-serving opportunists will always be giving themselves a pat on the back when it works out for them.
Why has no one commented on this? these are the most pressing societal issues, when it comes to those “bosses getting their bonuses.” It’s the most criminal.
Those who like the taste of polish which goes on boots* will be along to tell you that your pension funds, which must all be worth a FORTUNE, rely on water companies to give you a supposed cushty retirement.
To be honest, I’d rather be able to afford to live now with lower bills on utilities. Maybe I’d be able to afford to pay into a pension with lower bills *(please don’t tell me about workplace pensions, I’m self employed).*
It’s the job of utilities to provide power/water/gas, not to provide retirement/pension fund growth.
**usual wording gets your comment shadow banned on this sub*
People really have to realise that ‘private sector efficiency’ *only* means effeciency in making profits for the owners. Not efficiency in running the company ‘well’ in the traditional sense that the general public would recognise.
These CEOs are doing wonderfully at their job because they’re taking water infrastructure and running it into the ground, charging for the water and ignoring maintainance and environmental concerns. That’s why they get their bonus.
Want this to change? You need change the system – nationalise the water companies and set their targets on delivering clean water with the fewest leaks and least environmental impact. Plus you get the bonus of being able to influence the service through democratic voting. You don’t get any influence with a private water company. Don’t like it? Tough, what are you going to do? Stop using water?
Then all the money that goes into the service, stays in the service, and is not skimmed off relentlessly to pay shareholders and owners and huge bonuses.
Privatisation works for goods where there can be a lot of innovation and variation and customers aren’t forced to buy it no matter what, like luxury goods. Companies can compete and offer varying products and the consumer market decides which one succeeds.
There’s absolutely no good reason why industries like water, energy, train, bus, sewage, garbage disposal, healthcare, policing, even internet etc. need to be run by private businesses skimming profits off the top.
The CEO of the worst performing water company in the country got a half a million quid bonus.
Why are companies rewarding failure?
Isn’t that “because of” and “despite”? I guess dumping sewage is cheaper than treating it –> profit!
Directors bonuses will be paid on how much profit they can make for their share holders. If they can make more profit by paying small fines and not addressing operating issues they will.
This is how businesses work. They exist to to make profit.
Arguably this is why things like utilities should not be businesses – but that is a different issue.
LOL people literally actually for real swimming in actual shit while these management bozos bank millions. It’s not a bonus scheme, it’s looting.
I understand these companies are privately owned and it’s a free market.
Can somebody show me how I can change water companies? Move to a different provider?
And remember people, careful with your water use so these bosses golf courses can have plenty.
I used to work in Liv Garfield’s organisation many years back when she was an ‘up and comer’.
She was only my age at the time, like 24 or something not really surprised she’s now a CEO pulling in millions but it really seems to be down to the circles you run in. My only real impression of her was that she would deliver content on the weekly calls like a race horse commentator.
Shit people mock others on shit wages with shit excuse for bonuses after dumping shit on your beaches and shit in your rivers, while not upgrading their shit infrastructure.
Is that about right?