UK's Shit-Dispensing, Uh, Water Company CEOs' Pay Rose An Avg Of 5% Last Year, To $1 Million+ Per Annum
The pay of water company chief executives in England and Wales rose by 5% in the last financial year to an average of £1.1m, despite a ban on bonuses for several companies and widespread outrage over the sector’s poor performance. Total pay reported by water companies reached £15m in 2024-25, up 5% on £13.8m the previous year, according to Guardian analysis of 14 companies’ annual reports.
Water companies have been under scrutiny in recent years over their record on the environmentally damaging discharges of sewage into Britain’s rivers and seas. Politicians and campaigners have also reacted angrily to bill increases allowed in April by the regulator, Ofwat.
The pay figures raise questions about the effectiveness of the government’s efforts to limit water executives’ pay. Ofwat gained powers last year to insist that bonuses were paid by shareholders rather than through customers’ bills, before new rules in June that allowed a ban on bonuses for bosses of companies guilty of the most serious environmental damage. The biggest pay increase was enjoyed by Keith Haslett, the chief executive of Affinity Water. He was awarded an extra £844,000, doubling his total pay to £1.6m. Portsmouth Water’s boss, Bob Taylor, also doubled his pay, to £754,000.
Six companies – Thames Water, Anglian Water, Southern Water, United Utilities, Wessex Water and Yorkshire Water – were banned from paying bonuses for the 2024-25 financial year to their chief executives and chief financial officers. The bonus ban did appear to have an effect, with pay falling 8% to £5.5m across those six suppliers. Most of that drop was driven by Thames Water, whose boss, Chris Weston, received £1m, after he and three predecessor chief executives received a total of £1.7m the year before.
EDIT
https://www.theguardian.com/business/2025/jul/26/water-chiefs-pay-rises-england-wales-ban-bonuses-sewage
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