Thames Water's £1m Signing On Fee: A Symptom of a Broader Crisis Thames Water, Britain's largest water and sewage company, is grappling with an existential crisis of its own making.
The revelation that its finance chief was awarded a £1 million signing on fee in July has raised eyebrows due to the payment's size, timing, and context.
The company's financial woes have been well documented, with debts mounting to approximately £20 billion.