Thames Water has sparked outrage after handing a delayed £1 million “golden handshake” to its chief financial officer and agreeing controversial retention payouts to top bosses as it battles to secure its financial future.
The stricken supplier, which is sinking under a debt pile of more than £20 billion, disclosed in a letter to the Environmental, Food and Rural Affairs (EFRA) Committee that it had made the so-called signing-on payment to Steve Buck at the end of July from an emergency lending facility from creditors.
