Thames Water faces row over £1m payment to finance chief

Thames Water is one of at least eight water companies banned from paying performance-related bonuses. Thames Water is one of at least eight water companies banned from paying performance-related bonuses. Thames Water Thames Water’s £1m payout to finance chief is ‘unacceptable’, says government department Utility firm’s payment criticised by Defra and campaign groups, with some urging Andy Burnham to nationalise it

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Prefer the Guardian on Google Thames Water has paid its finance chief a £1m signing fee despite teetering on the brink of a government-handled administration – a decision the environment department labelled “unacceptable”.

The utility company revealed that it made the payment last month, in a letter sent last week by Adrian Montague, its chair, to MPs on the environment, food and rural affairs select committee.