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Yorkshire Water bosses get hefty bonuses after company failed customers (www.theguardian.com)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 5 points 3 months ago* (last edited 3 months ago)

The extra awards are part of a short-term “executive incentive plan”, a cash award that can be collected after a year and is calculated based on measures that include profits, ~~customer service and environmental performance.~~

FTFY

A spokesperson said directors were on track to receive 61% of their maximum bonus but that it had reduced this to 42% to reflect environmental performance “not being where we want it to be”.

That's just creative accounting - "my bonus would be a billion quid but I performed so badly I am only awarding myself 1% of that".