Thames Water has been criticised by the Environment Secretary for handing “outrageous” payouts to top bosses after the troubled supplier forked out more than £4 million in bonuses and boosted its chief executive pay to £1.2 million.
Britain’s biggest water firm – which has been left on the brink of nationalisation as it struggles under a £20 billion debt pile – revealed in its annual report that bonuses of £4.09 million were paid to “key management personnel” as part of its so-called management retention plan.
