11 June 2019
We all know that privatisation takes money from all of us, and puts it into the bank accounts of CEOs and shareholders. But this really hits home when you see just how much money the bosses of private companies have been pocketing.
The GMB union, in collaboration with Corporate Watch, have released the staggering sums the highest paid figures at the privatised water companies have been receiving. Reported in the Mirror - the figures show that water bosses have taken a staggering £70m in the last six years.
That's money that could be used to reduced bills. That's money that could be used to stop leaks in the system which currently wastes 3bn litres per day. That's money that could be used to invest in measures to halt the water shortages predicted in 25 years time.
In 2018, water company bosses bagged the following in salaries, bonuses and other perks:
- Severn Trent - Liv Garfield - £2.084m
- United Utilities - Steve Mogford - £2.075m
- Anglian Water - Scott Longhurst - £1.921m
- Northumbrian Water - Heidi Mottram - £953,000
- South West Water CEO - £577,000
- Southern Water - Ian Mcauley - £1.066m
- Thames Water - B Rennett - £851,000
- Wessex Water - Andrew Pymer - £542,000
- Yorkshire Water - Richard Flint - £932,000
The water companies don't want you to know about these figures. We know because we recently spoke to one of them about their CEO's £2m earnings:
Privatised water has a steady flow of money trickling from our bills into the pockets of CEOs and shareholders. It's time we put the plug in. It's time we brought our water into public ownership. If you agree, sign the petition below.
Let's bring water into public ownership
Water is a human right, and privatisation has failed. For 30 years, the private water companies in England* have ripped us off, polluted our rivers, dodged taxes and let our water drain away through leaky pipes - all while extracting BILLIONS in profit and paying their CEOs MILLIONS!
83% of us support public ownership.
Let's make water companies work for people not profit.
Last signature: Michael Ipswich, 27 min 34 sec ago