MPs ask minister if he will claw back Thames Water executive bonuses

Chair of troubled firm admits 21 senior managers were paid 50% of base salary on 30 AprilThe environment secretary has been asked if he will claw back controversial bonus payments to Thames Water senior executives after it emerged some bonuses had already been paid out.Last month, Steve Reed vowed to block bonuses that Thames Water proposed to pay to managers at the beleaguered company. The firm’s chair has been forced to admit that bonuses have already been paid to executives out of a £3bn emergency loan paid by creditors for the purpose of rescuing Thames from financial collapse. Continue reading...

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