Thames Water's Crisis of Priorities: A £1m Payday Amid Debt and Dysfunction The revelation that Thames Water paid its chief financial officer a staggering £1m in delayed signing on fees, despite being on the brink of financial collapse, is a symptom of a deeper crisis within the water utility giant.
With almost £20bn in debt, it's difficult to understand what other priorities are driving its decision making.
The timing of Steve Buck's £1m payday is particularly galling given that Thames Water's financial situation has been dire for some time.