|
|
Post by geoffr on Mar 28, 2024 13:35:23 GMT
I would like to tell him that the customers didn't accrue the debts, his predecessors did. One assumes they did so with the approval of share holders. Cutting dividends and using the money to pay down the loans would be a start as would his accepting a lower remuneration. I understand the shareholders not wanting to put in more money but I think a 40% increase in bills to pay for previous mismanagement is the wrong approach.
|
|
|
|
Post by spinno on Mar 28, 2024 13:42:12 GMT
I would like to tell him that the customers didn't accrue the debts, his predecessors did. One assumes they did so with the approval of share holders. Cutting dividends and using the money to pay down the loans would be a start as would his accepting a lower remuneration. I understand the shareholders not wanting to put in more money but I think a 40% increase in bills to pay for previous mismanagement is the wrong approach.
40% increase is not the wrong approach, it's criminal |
|
|
|
Post by willien on Mar 28, 2024 14:45:34 GMT
You must admit. Capitalism is so much more efficient at screwing the consumer than public ownership.
|
|
|
|
Post by JohnY on Mar 28, 2024 21:38:13 GMT
The rot started with Macquarie loading it up with billions in debt and then did a runner with the loot. This was a massive failure of regulation.
This is just another case of a British company being bought in a highly leveraged hostile buyout by a foreign private inequity company.
|
|
|
|
Post by willien on Mar 28, 2024 22:21:41 GMT
The rot started with Macquarie loading it up with billions in debt and then did a runner with the loot. This was a massive failure of regulation. This is just another case of a British company being bought in a highly leveraged hostile buyout by a foreign private inequity company. AKA sold out by the UK Gvt. |
|
|
|
Post by JohnY on Mar 29, 2024 11:26:07 GMT
The shareholders should and probably will lose all their equity in the company. Bondholders should also not be paid out but probably will be (It depends upon any government guarantees that might have been given). There is no chance of getting dividends back to the company. Future capital costs will need to come from Thames Water's users and the tax payer. Running costs are paid by the customers.
|
|
|
|
Post by MJB on Mar 29, 2024 11:48:37 GMT
I'm sure someone will get a knighthood out of this.
|
|
|
|
Post by Chester PB on Mar 29, 2024 17:52:26 GMT
The shareholders should not receive any dividends, or the bosses any 'performance related' bonuses, until the water is fit to paddle a boat in without risk of illness. They gambled on the promises made by politicians and they lost.
|
|
|
|
Post by Fenris on Mar 29, 2024 18:10:58 GMT
Ohhh let's see, since the sell off shareholders and bosses have received approx £82bn
They are now saying it will cost £72bn to fix everything...
|
|
|
|
Post by spinno on Mar 29, 2024 18:16:26 GMT
Ohhh let's see, since the sell off shareholders and bosses have received approx £82bn They are now saying it will cost £72bn to fix everything... They've probably spent it already, on water sports... |
|
|
|
Post by geoffr on Mar 29, 2024 18:16:43 GMT
Ohhh let's see, since the sell off shareholders and bosses have received approx £82bn They are now saying it will cost £72bn to fix everything... So, they pay back all the bonuses and there's still £10bn left |
|
|
|
Post by spinno on Mar 29, 2024 18:18:00 GMT
Ohhh let's see, since the sell off shareholders and bosses have received approx £82bn They are now saying it will cost £72bn to fix everything... So, they pay back all the bonuses and there's still £10bn left "Oh! poor us!" |
|
|
|
Post by willien on Mar 29, 2024 19:32:46 GMT
We need a corporate criminality law. I remember a few decades agio when a dam collapsed in Italy they locked up the directors of the building company first... and then started asking questions.
|
|
|
|
Post by spinno on Mar 29, 2024 19:48:22 GMT
We need a corporate criminality law. I remember a few decades agio when a dam collapsed in Italy they locked up the directors of the building company first... and then started asking questions. They seem to do that in many "backward" nations...perhaps we're far too superior.... |
|
|
|
Post by willien on Mar 29, 2024 20:08:36 GMT
We need a corporate criminality law. I remember a few decades agio when a dam collapsed in Italy they locked up the directors of the building company first... and then started asking questions. They seem to do that in many "backward" nations...perhaps we're far too superior.... The establishment is too...established.
Saw a cartoon on FB based on Peanuts. Linus saying to whoever, "They will never give us the education we need to overthrow them".
|
|
