"Ofwat rules out customers paying £195,000 Thames Water boss bonus""Weston, a former British Gas executive, was hired in January this year to try and turn around the fortunes of a company drowning in debts of £18bn.Over the summer it emerged that he had been awarded a bonus of £195,000 for his first three months at the company, taking his total pay for the period to £437,000.It's not clear whether the bonus has in fact been paid out, but the regulator will insist that it is not paid by the operating company, and must be borne by the company owners. Thames Water declined to comment.In expectation of this approach other companies – including debt laden Southern Water - have already said shareholders rather than customers would pay bonuses to executives."Gosh, how de-motivating for him!
David Ainsworth ● 35d