Thames Water hands £1 million payout to finance boss despite stricken finances

The supplier has also reached settlement on controversial retention payments to 14 current and former senior executives.

Thames Water has handed a delayed £1 million (US$1.35 million) “golden handshake” payment to its chief financial officer and agreed controversial retention payouts to top bosses despite its battle to secure its financial future. The stricken supplier, which is sinking under a debt pile of more than £20 billion, disclos

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The supplier has also reached settlement on controversial retention payments to 14 current and former senior executives.

The supplier has also reached settlement on controversial retention payments to 14 current and former senior executives.

Campaign group says firm is ‘taking the mickey’ by paying fee and Andy Burnham should nationalise it Business live – latest updates Thames Water has paid its finance chief a £1m signing fee despite teetering on the brink of a government-handled administration, in a decision which campaigners labelled “indefensible”.

Thames Water is facing renewed calls for it to be taken into public ownership after it handed its finance boss a £1million signing-on fee.

Thames Water is facing renewed calls for it to be taken into public ownership after it handed its finance boss a £1million signing-on fee.

The seven-figure payment was given to Steve Buck as part of package to persuade him to join the troubled utility company.