Thames Water refuses to claw back bonuses paid using £3bn emergency loan
by Helena Horton and Jasper Jolly from World news | The Guardian on (#6YH8Q)
Money was paid out from loan meant to stabilise firm's finances weeks before it paused retention payments plan
Thames Water paid almost 2.5m to senior managers from an emergency loan that was meant to be used to keep the failing utilities company afloat - and has refused to claw back the payments, newly released documents reveal.
The struggling water supplier paid bonuses totalling 2.46m to 21 managers on 30 April.
Continue reading...