Thames Water increases bonus payments to £4m despite uncertainty over future
by Joanna Partridge from World news | The Guardian on (#7706F)
Annual results show struggling firm's net debt has risen to 19.7bn, up from 17.7bn a year earlier
Thames Water increased its bonus payouts to 4.1m for senior managers, despite warning over material uncertainty" over its future as it scrambles to recapitalise to avoid nationalisation.
The water company also gave a pay rise to its chief executive, Chris Weston, and drew the ire of Emma Reynolds, the environment secretary, for paying him a previously deferred bonus of 99,000 - despite a ban on bonuses because of pollution failures.
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