The chief executive of Thames Water has been ordered to tell MPs whether any executives have received payments from a controversial bonus package taken from a £3bn loan.
Britain’s biggest water company admitted last week that senior managers were in line for “substantial” bonuses linked to an emergency £3bn loan. Thames claimed the payouts were vital to retain staff and prevent rival companies from “picking off” its best employees. The disclosure provoked fury as the company has said its finances are “hair-raising” and that it came “very close to running out of money entirely” last year.
