Thames Water's Dubious Payment to Its CFO: A Symptom of a Deeper Problem The news that Thames Water has paid its chief financial officer, Steve Buck, a £1m signing fee has sent shockwaves through the industry and beyond.
This payment, made despite intense scrutiny of the company's finances, is not an isolated incident but rather a symptom of a deeper problem plaguing Britain's largest water company.
Thames Water is one of at least eight water companies banned from paying performance related bonuses due to environmental failings.