Business Live | Water companies blocked from using customer cash for 'undeserved' bonuses for bosses
November 21, 2024
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26:54Now PlayingBusiness Live | Water companies blocked from using customer cash for 'undeserved' bonuses for bosses
YouTube Description
as posted by the channelWatch Business Live as nine water companies have been blocked from using customer money to fund "undeserved" bonuses by the industry's regulator.
Ofwat said it had stepped in to use its new powers over water firms that cannot show that bonuses are sufficiently linked to performance.
The blocked payouts amount to 73% of the total executive awards proposed across the industry
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