Mex@feddit.ukM to UK Infrastructure @feddit.ukEnglish · 30 days agoThames Water barred from billing customers for pension shortfallwww.theguardian.comexternal-linkmessage-square11fedilinkarrow-up172arrow-down13
arrow-up169arrow-down1external-linkThames Water barred from billing customers for pension shortfallwww.theguardian.comMex@feddit.ukM to UK Infrastructure @feddit.ukEnglish · 30 days agomessage-square11fedilink
minus-squareBuelldozer@lemmy.todaylinkfedilinkEnglisharrow-up22arrow-down1·30 days ago“In June, the Guardian revealed that Thames’ board approved a £150m dividend …” So they approved a 150m dividend while knowing they had a 156m shortfall in their pension system. What the…
minus-squarefrazorth@feddit.uklinkfedilinkEnglisharrow-up5·30 days agoThat was after the £37m dividend they paid their owners.
minus-squareslazer2au@lemmy.worldlinkfedilinkEnglisharrow-up5arrow-down1·29 days agoWelcome to capitalism. Where the only people to win are the shareholders.
minus-squareStreamwave@feddit.uklinkfedilinkEnglisharrow-up3·28 days agoIIRC, since privatisation the total amount of water company debt is roughly equivalent to the total amount paid out in shareholder dividends in the same timeframe
“In June, the Guardian revealed that Thames’ board approved a £150m dividend …”
So they approved a 150m dividend while knowing they had a 156m shortfall in their pension system. What the…
That was after the £37m dividend they paid their owners.
Welcome to capitalism. Where the only people to win are the shareholders.
IIRC, since privatisation the total amount of water company debt is roughly equivalent to the total amount paid out in shareholder dividends in the same timeframe