We should just take it off private hands so bonuses and dividends arent even a thing. Put the money back into it instead of extracting as much as possible while everything breaks.
ThatchersDirtyTaint on
The size of the paypacket without bonus and dividends is going to become HUGE if they want to retain them or replace them. Especially when you add in they’re also public enemy number 1 at the minute and people want them jailed if they can’t improve their network fast enough.
Who would want that risk without massive pay?
Then the narrative will move over to being pissed off at how much they’re base pay is.
Von_Uber on
The OFWAT whose heads are often ex-water company Directors? That OFWAT?
Dedsnotdead on
Not sure that we should trust OFWAT to do this, they’ve sat back and allowed the current car crash to happen over the last 20 years.
Look at senior OFWAT Directors leaving to sit on the main board of Water companies here in the U.K.
OFWAT has failed repeatedly to hold water companies to account for decades, the pay is good though.
Objective_Mousse7216 on
Just fucking take all water companies into state run FFS and be done with it!
Zerttretttttt on
So when they approve it, the MPs can say out of hands, nothing we can do
Mr_miner94 on
Didn’t reform recently vote against giving more power to water regulators?
*HINT* yes, they did. iirc it was the special water powers bill
Sea-Caterpillar-255 on
They recently retroactively approved everything Thames did by rescuing them from their mistakes at the expense of working people. If we had a real regulator I might be interested. But we don’t
Sir_Henry_Deadman on
ofwat about to suddenly become very rich and regularly invited to special events and games
Nielips on
Companies performing so badly shouldn’t even be paying bonus and giving pay rises.
seven_phone on
Which MPs are saying that, name them and check to see if any of their ‚consulting‘ earnings are traceable back to water company affiliations.
ArtichokeFar6601 on
And? Are they supposed to be a bastion of consumer rights? Ofwat approved 200% increase to our Thames Water bills.
gingerbread_man123 on
Services for which there is no true competition should be publicly controlled.
If consumers don’t have the option to go elsewhere then operating companies have them over a barrel and there is no incentive to provide value for money.
agarr1 on
Just ban dividends and bonuses for companies that haven’t turned a profit that year.
win_some_lose_most1y on
Ofwat is in the pocket of the private water company’s.
No-Actuator-6245 on
OFWAT, the organisation the allowed this shit show to happen on their watch and only woke up when there was public pressure? OFWAT needs investigating for is lack of effectiveness.
Inglorious555 on
No, they should have to prevent them from happening
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17 Kommentare
We should just take it off private hands so bonuses and dividends arent even a thing. Put the money back into it instead of extracting as much as possible while everything breaks.
The size of the paypacket without bonus and dividends is going to become HUGE if they want to retain them or replace them. Especially when you add in they’re also public enemy number 1 at the minute and people want them jailed if they can’t improve their network fast enough.
Who would want that risk without massive pay?
Then the narrative will move over to being pissed off at how much they’re base pay is.
The OFWAT whose heads are often ex-water company Directors? That OFWAT?
Not sure that we should trust OFWAT to do this, they’ve sat back and allowed the current car crash to happen over the last 20 years.
Look at senior OFWAT Directors leaving to sit on the main board of Water companies here in the U.K.
OFWAT has failed repeatedly to hold water companies to account for decades, the pay is good though.
Just fucking take all water companies into state run FFS and be done with it!
So when they approve it, the MPs can say out of hands, nothing we can do
Didn’t reform recently vote against giving more power to water regulators?
*HINT* yes, they did. iirc it was the special water powers bill
They recently retroactively approved everything Thames did by rescuing them from their mistakes at the expense of working people. If we had a real regulator I might be interested. But we don’t
ofwat about to suddenly become very rich and regularly invited to special events and games
Companies performing so badly shouldn’t even be paying bonus and giving pay rises.
Which MPs are saying that, name them and check to see if any of their ‚consulting‘ earnings are traceable back to water company affiliations.
And? Are they supposed to be a bastion of consumer rights? Ofwat approved 200% increase to our Thames Water bills.
Services for which there is no true competition should be publicly controlled.
If consumers don’t have the option to go elsewhere then operating companies have them over a barrel and there is no incentive to provide value for money.
Just ban dividends and bonuses for companies that haven’t turned a profit that year.
Ofwat is in the pocket of the private water company’s.
OFWAT, the organisation the allowed this shit show to happen on their watch and only woke up when there was public pressure? OFWAT needs investigating for is lack of effectiveness.
No, they should have to prevent them from happening