solarpunkandrobots@feddit.uk to United Kingdom@feddit.ukEnglish · 2 days agoThames Water seeks court approval for emergency cashwww.bbc.co.ukexternal-linkmessage-square10fedilinkarrow-up126arrow-down11
arrow-up125arrow-down1external-linkThames Water seeks court approval for emergency cashwww.bbc.co.uksolarpunkandrobots@feddit.uk to United Kingdom@feddit.ukEnglish · 2 days agomessage-square10fedilink
minus-squareDenjin@lemmings.worldlinkfedilinkEnglisharrow-up3·edit-22 days agoThey didn’t even fail, the company was intentionally brought to the edge of bankruptcy by taking out huge loans it could never hope to repay so they could fund bigger dividends. Then the people responsible got nice big payouts as they walked away.
minus-squared00ery@lemmy.worldlinkfedilinkEnglisharrow-up1·2 days agoYes, and lots of bonuses for c-suite I’m sure. I was pretending that water supply/treamtment is not a monopoly and that under the free market businesses will provide the best service to customers whilst ensuring the business is sustainable. https://www.independent.co.uk/business/thames-water-dividend-payouts-in-spotlight-after-shareholders-pull-funding-b2520053.html
They didn’t even fail, the company was intentionally brought to the edge of bankruptcy by taking out huge loans it could never hope to repay so they could fund bigger dividends. Then the people responsible got nice big payouts as they walked away.
Yes, and lots of bonuses for c-suite I’m sure.
I was pretending that water supply/treamtment is not a monopoly and that under the free market businesses will provide the best service to customers whilst ensuring the business is sustainable. https://www.independent.co.uk/business/thames-water-dividend-payouts-in-spotlight-after-shareholders-pull-funding-b2520053.html