Yorkshire Water bosses get hefty bonuses after company failed customers

https://www.theguardian.com/business/article/2024/jul/19/yorkshire-water-bosses-huge-bonuses-company-failed-customers

52 points · 2 comments · view on lemmy.world

2 Comments

Emperor@feddit.uk · 4 pts · 2y

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".

YungOnions@sh.itjust.works · 4 pts · 2y

Cunts