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It's not all bad news....!

P

Paul Murray

Senior Member
Nov. 14 (Bloomberg) -- Anglian Water Services Ltd. last year paid Jonson Cox, its outgoing chief executive officer, 9.5 million pounds ($15.3 million), making him the best-paid water boss in Britain, the Sunday Times reported, citing a Companies House filing.

Anglian said the payout followed a total shareholder return of 595 percent over Cox’s six years as chief executive, according to the report. The payout was engineered by owners including 3i Infrastructure Plc, the newspaper said.

Doesn't it make you feel good to read for once about a truly successful British company competing so well in such a highly competitive market - and in doing so, achieving such great shareholder value?

And only today the BBC reports that another company in this highly competive market place is still pumping hundreds of millions of gallons of untreated sewerage into the Thames on a weekly basis... I look forward to reading about their shareholder returns too...

Regards

Paul aka 'the lurker'
 
So Anglian Water shareholders received massive returns on their shares during the term of this gentlemans office, to the extent that they payed him a multi million pound golden handshake when he left.

Just goes to show that massive overcharging for services rendered, routine underinvestment in infrastructure, and taking advantage of the puerile fines for dumping toxins into our rivers....are very lucrative and worthwhile practices, of immense value to all concerned. Except to joe public of course, who pay through the nose once again for the the sharp practices of the privatised 'service' industries they once owned :mad:

Cheers, Dave.
 
Whilst i'm sure Paul Murrays post was well meaning, i do agree with you Dave; the EA seem to give with one hand and take away with the other.
 
Actually Paul - my posting was anything but well-meaning! - it was written in utter frustration at watching huge sums of money being paid out to individuals running organisations that appear to do little more than gouge money from their captive customers who were trapped through the 'knock down price' privatisations; whilst paying lip service to the woefully inadequate 'watchdogs' - a situation perpetuated through the regular placement of MP's and others onto their respective Boards and into their hospitality lounges.

Feel better now though!

Regards

Paul aka 'the lurker'
 
Sorry Paul,

Misinterpreted the sentiments of your post. "embarrased face." as cant get smilies to work. :)

Very frustrating situation; especially when many on the breadline struggle to pay their water bills and those that cant get support from the government to help pay. We ending up paying and then paying again for those that cant, through our tax contributions, whilst someone gets rich.

Paul
 
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