Ministers to block Thames Water paying bosses bonuses out of emergency loan
by Helena Horton and Anna Isaac from Environment | The Guardian on (#6XADC)
Exclusive: Firm close to insolvency says using 3bn loan to pay substantial' bonuses is vital to retain senior managers
Ministers plan to use new powers to block bosses from Thames Water taking bonuses worth hundreds of thousands of pounds as the company fights for survival, the Guardian can reveal.
Britain's biggest water company admitted this week that senior managers are in line for substantial" bonuses linked to an emergency 3bn loan.
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