Thames water boss Martin Baggs doubles pay with bonus
Tuesday 12 June 2012
The boss of Thames Water, which supplies customers in London and large parts of the Home Counties, has been awarded a bonus nearly equal to his annual salary following a year in which a hosepipe ban was announced and customer satisfaction "deteriorated".
Martin Baggs, the firm's chief executive, was awarded an annual bonus of £418,359 for the year to 31 March on top of his £425,000 salary, according to the company's annual report.
Britain's largest provider of water and wastewater services announced a hosepipe ban in March after a drought in many parts of the country.
The company previously said the situation was "entirely to do with the weather".
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