Thames Water faces anger over ‘indefensible’ £1m payout to finance chief
by Jasper Jolly from World news | The Guardian on (#77JXT)
Campaign group says firm is taking the mickey' by paying fee, and Andy Burnham should nationalise it
Thames Water has paid its finance chief a 1m signing fee despite teetering on the brink of a government-handled administration, in a decision which campaigners labelled indefensible".
The utility company revealed that it made the payment last month, in a letter sent last week by Adrian Montague, its chair, to MPs on the environment, food and rural affairs select committee.
Continue reading...