bonuses

The Water Thames drops bonuses of 1 million sterling pounds for the best bosses after government criticism | British news Aitrend

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The Water Thames drops bonuses of 1 million sterling pounds for the best bosses after government criticism | British news Aitrend

Thames Water “withdrew” the plans to pay bonuses of senior patterns linked to the company guaranteeing an emergency loan of 3 billion pounds Sterling, said the secretary of the environment. Steve Reed confirmed that the proposals had been abandoned during a session of the Environmental Committee, Foods and Rural Affairs (EFRA) with deputies on Tuesday. … Read more

Telegraph hands out bonuses as property uncertainty continues | Money News Aitrend

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Telegraph hands out bonuses as property uncertainty continues | Money News Aitrend

The publisher of the Daily Telegraph will offer hundreds of staff a £500 bonus this month as uncertainty over its ownership is expected to stretch into a third calendar year. Sky News saw an email sent on Thursday from Anna Jones, chief executive of Telegraph Media Group, in which she informed employees they would receive … Read more

Water companies cannot use customers’ money for ‘undeserved’ bonuses | Money News Aitrend

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Water companies cannot use customers’ money for ‘undeserved’ bonuses | Money News Aitrend

The sector regulator has banned nine water companies from using their customers’ money to fund “undeserved” bonuses. Ofwat said it had stepped in to use its new powers on water companies that cannot demonstrate that bonuses are sufficiently linked to performance. Blocked payments amount to 73% of the total executive rewards offered across the industry. … Read more