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Yorkshire Water bosses get hefty bonuses after company failed customers

www.theguardian.com Yorkshire Water bosses get hefty bonuses after company failed customers

CEO and CFO given total of £616,000 for a year in which some residents struggled to go about daily lives

Yorkshire Water bosses get hefty bonuses after company failed customers
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2 comments
  • The extra awards are part of a short-term “executive incentive plan”, a cash award that can be collected after a year and is calculated based on measures that include profits, customer service and environmental performance.

    FTFY

    A spokesperson said directors were on track to receive 61% of their maximum bonus but that it had reduced this to 42% to reflect environmental performance “not being where we want it to be”.

    That's just creative accounting - "my bonus would be a billion quid but I performed so badly I am only awarding myself 1% of that".

  • Cunts