BBC News·3 min read·medium

Thames Water gave finance boss a £1m signing-on fee

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Thames Water gave finance boss a £1m signing-on fee
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Thames Water has faced scrutiny after paying its new finance chief a £1 million signing-on fee while the company struggles with £20 billion in debt. The utility firm is currently negotiating a rescue deal with lenders to avoid potential temporary nationalization.

Image source, Reuters By Theo Leggett , International Business Correspondent and Kate Whannel , Political reporter Published 17 minutes ago Thames Water paid its finance chief a £1m signing-on fee in July as the company struggles with a mountain of debt and faces temporary nationalisation.

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