Thames Bosses Get Bonuses Blocked as Regulator Cracks Down

Thames Water was one of six UK water companies to see management bonuses blocked by new rules in the last financial year, as pressure mounts on the firms to do more to tackle chronic pollution.

More than £4 million ($5.2 million) of potential bonuses were barred by new regulations on performance-related pay, regulator Ofwat said in a report Wednesday. The failures mostly involved serious pollution incidents.