• via The Guardian
The Anatomy of Extraction: How Thames Water Turned Emergency Aid Into Executive Enrichment
Thames Water's executives pocketed £15.7m in bonuses while 16 million customers face hosepipe bans.
While 16 million customers face hosepipe bans this summer, Thames Water's executives have successfully converted a £3bn emergency lifeline into personal windfalls totaling £15.7m. The company that can't maintain water supplies during a shortage somehow found £2.46m to pay 21 managers in April—from funds meant to prevent corporate collapse.