Severn Trent doubles CEO reward plan to £3.1m despite anger over water pay
Severn Trent has doubled the long-term incentive plan for its new CEO, potentially raising his annual compensation to £4.8 million. This decision has drawn criticism due to ongoing public anger regarding the water company's environmental performance and sewage management.
Why it matters
The pay hike highlights the growing disconnect between executive compensation in utility sectors and public concerns over environmental accountability.
Jesic could receive as much as £4.8m in a single year once salary, annual bonus, LTIP and benefits are counted. Jesic could receive as much as £4.8m in a single year once salary, annual bonus, LTIP and benefits are counted. Severn Trent Severn Trent doubles CEO reward plan to £3.1m despite anger over water pay Increase to long-term incentive plan means James Jesic could significantly outearn predecessor Liv Garfield
The framing emphasizes public anger and environmental failures, which is a common angle in critiques of corporate executive pay.
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