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Thames Water halts bosses' bonus scheme

BBC NewsWednesday, May 21, 2025 at 8:26:18 AM
Thames Water halts bosses' bonus scheme
Thames Water has put a temporary stop to its executive bonus program—dubbed a "retention scheme"—which was designed to keep top bosses onboard by tying payouts to a crucial rescue loan. The move suggests the embattled utility is under pressure to show restraint amid financial and public scrutiny.
Editor’s Note: This isn’t just about bonuses—it’s a sign of the growing tension between Thames Water’s leadership and public opinion. With the company struggling financially and customers furious over sewage spills, paying big bonuses to execs while the ship sinks would’ve been a PR disaster. It’s a small but telling step toward accountability (or at least the appearance of it).
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