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Nine water firms blocked from using customer cash to pay for £6.8m of bonuses

By Yahoo! Finance   |   Nov 21, 2024 at 02:43 AM EST
Nine water firms blocked from using customer cash to pay for £6.8m of bonuses

Nine water companies, including Thames Water, are prohibited from using customer money for excessive executive bonuses totaling £6.8 million. Ofwat intervened to stop this practice, aiming to improve company accountability and performance. Six companies voluntarily decided to have shareholders cover the costs of bonuses.

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