£1m Signing Fee Sparks Fury as Thames Water's Collapse Looms The news that Thames Water has handed its finance chief a £1 million signing fee amidst the company's precarious financial situation is a stark reminder of the systemic problems plaguing the UK's water industry.
This payment is just one egregious example of executive overreach, symptomatic of an industry that prioritizes profit over people and the environment.
The £1 million signing fee is a drop in the bucket compared to the £20 billion debt burden threatening Thames Water's very existence.