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Thames Water's CEO has a $1.5 million pay package which is lower than CEOs of corporations of the same size. The funding for public unions in the UK is $233 bil

Thames Water's CEO has a $1.5 million pay package which is lower than CEOs of corporations of the same size. The funding for public unions in the UK is $233 billion. Great comparison there.

arethuza 3y ago
CEOs of corporations of the same size quite often have to find and retain customers in competitive markets - which is hardly the case with Thames Water?
- dffdsa432 3y ago
  What is your point? $1.5 million is used to attract a CEO who can manage a large corporation. That is less than many players on second tier English clubs who are riding the pine. That is a rounding error when considering $233 billion paid to unions.
  - rightbyte 3y ago
    CEOs have almost no competitive pressure. They are mostly recruited within the upper class. Paying more won't net you a better one.
    - darkclouds 3y ago
      >CEOs have almost no competitive pressure. Yes they do, from rival businesses, superior and new technology, just look at Chat-GPT potentially putting programmers out of work, or telegrams being made redundant by pagers, and text messages and email. @arethuza >CEOs of corporations of the same size quite often have to find and retain customers in competitive markets - which is hardly the case with Thames Water? Water companies are delivering a minimum standard of water, call it the least toxic form of water considering the energy constraints and logistics of delivering water en-masse compared to other methods of obtaining water. Mains water from a very young age always made me sick, so where possible I use bottled spring water in the kettle, but am currently considering a reverse osmosis water filter, to deionise the water in the house as much as possible. Deionised water is the best tasting, sweetest tasting water I've ever experienced, and if I listened to the medical experts I should be dead on numerous counts of their assertations. So two fingers up to them as well! LOL
      - arethuza 3y ago
        I'm in Scotland so I have perfectly pleasant tasting water from the state-owned Scottish Water whose CEO get paid a small fraction of what the Thames Water CEO gets paid (~£295K plus bonus). https://www.scottishwater.co.uk/About-Us/News-and-Views/2022/10/181022-Corporate https://www.scottishwater.co.uk/About-Us/News-and-Views/2022...
      - smcl 3y ago
        I don't think you understand what these companies do if you believe Thames Water is in competition with Evian or Brita. Remember they're not just providing drinking water but handling the treatment, recirculation and safe disposal of wastewater too. So in addition to having inadequate fresh water storage for some parts of England and cutting back maintenance to the extent that they lose an enormous amount in leaks, one of the bigger problems is how they're failing to adequately dispose of wastewater. As a consequence of this there are some rivers, lakes and beaches in England + Wales that are now unsafe but which weren't before they were privatised.
        darkclouds 3y ago
        > As a consequence of this there are some rivers, lakes and beaches in England + Wales that are now unsafe but which weren't before they were privatised. Carefully chosen words, someone has done their research! Thats what happens when new standards come into force and improve upon the old standards. https://environment.data.gov.uk/portalstg/home/item.html?id=ecb1c44d30634038afd7da46de636f8c https://environment.data.gov.uk/portalstg/home/item.html?id=... "The purpose of this dataset is to present a summary of bathing water compliance in England between 1988 and 2014 against the old bathing water directive (76/160/EEC), which was repealed on the 31/12/2014" However I'm not against better standards, but I am against some of the "engineered" methods used to gain those standards.... https://www.ciwem.org/the-environment/how-should-water-and-environmental-management-firms-tap,-retain-and-promote-female-talent#:~:text=Privatisation%20of%20water%20was%20deeply,water%20returned%20to%20public%20ownership https://www.ciwem.org/the-environment/how-should-water-and-e.... As I was saying, some things are engineered....
        3y ago
  - smcl 3y ago
    I don't think you want to point at English football clubs if we're talking about sensible compensation, not least since one of the issues highlighted in the article are the debt load of these English and Welsh water companies.
  - youngtaff 3y ago
    As you were asked before where are the unions paid $233bn? If the RMT had that amount of money I’ve no doubt Mick Lynch would be using it to buy the railways
  - DharmaPolice 3y ago
    "Paid to unions"? Do you mean paid to staff who might be members of unions? And if so why you are comparing money paid to a specific company to money paid to union members across the entire public sector?
ClumsyPilot 3y ago
What is this number of $233 billion, it sounds preposterous. Is that the combined salaries of all union members?
lostlogin 3y ago
> The funding for public unions in the UK is $233 billion That’s a pretty amazing figure, how was that calculated? Are you seriously arguing that that the Thames Water CEO was underpaid? They have been mismanaged extraordinarily. Their debts, losses, costs, service and environment records are so poor that nationalisation is being discussed. They have been paying dividends and bonuses throughout. https://www.theguardian.com/business/2023/jul/10/thames-water-funding-price-review https://www.theguardian.com/business/2023/jul/10/thames-wate...
- deleted 3y ago
  [deleted]
lifeonlars 3y ago
The 'funding for public unions' is 7% of the economy?

Thames Water's CEO has a $1.5 million pay package which is lower than CEOs of corporations of the same size. The funding for public unions in the UK is $233 billion. Great comparison there.

arethuza 3y ago

CEOs of corporations of the same size quite often have to find and retain customers in competitive markets - which is hardly the case with Thames Water?

dffdsa432 3y ago
What is your point? $1.5 million is used to attract a CEO who can manage a large corporation. That is less than many players on second tier English clubs who are riding the pine. That is a rounding error when considering $233 billion paid to unions.
- rightbyte 3y ago
  CEOs have almost no competitive pressure. They are mostly recruited within the upper class. Paying more won't net you a better one.
  - darkclouds 3y ago
    >CEOs have almost no competitive pressure. Yes they do, from rival businesses, superior and new technology, just look at Chat-GPT potentially putting programmers out of work, or telegrams being made redundant by pagers, and text messages and email. @arethuza >CEOs of corporations of the same size quite often have to find and retain customers in competitive markets - which is hardly the case with Thames Water? Water companies are delivering a minimum standard of water, call it the least toxic form of water considering the energy constraints and logistics of delivering water en-masse compared to other methods of obtaining water. Mains water from a very young age always made me sick, so where possible I use bottled spring water in the kettle, but am currently considering a reverse osmosis water filter, to deionise the water in the house as much as possible. Deionised water is the best tasting, sweetest tasting water I've ever experienced, and if I listened to the medical experts I should be dead on numerous counts of their assertations. So two fingers up to them as well! LOL
    - arethuza 3y ago
      I'm in Scotland so I have perfectly pleasant tasting water from the state-owned Scottish Water whose CEO get paid a small fraction of what the Thames Water CEO gets paid (~£295K plus bonus). https://www.scottishwater.co.uk/About-Us/News-and-Views/2022/10/181022-Corporate https://www.scottishwater.co.uk/About-Us/News-and-Views/2022...
    - smcl 3y ago
      I don't think you understand what these companies do if you believe Thames Water is in competition with Evian or Brita. Remember they're not just providing drinking water but handling the treatment, recirculation and safe disposal of wastewater too. So in addition to having inadequate fresh water storage for some parts of England and cutting back maintenance to the extent that they lose an enormous amount in leaks, one of the bigger problems is how they're failing to adequately dispose of wastewater. As a consequence of this there are some rivers, lakes and beaches in England + Wales that are now unsafe but which weren't before they were privatised.
      - darkclouds 3y ago
        > As a consequence of this there are some rivers, lakes and beaches in England + Wales that are now unsafe but which weren't before they were privatised. Carefully chosen words, someone has done their research! Thats what happens when new standards come into force and improve upon the old standards. https://environment.data.gov.uk/portalstg/home/item.html?id=ecb1c44d30634038afd7da46de636f8c https://environment.data.gov.uk/portalstg/home/item.html?id=... "The purpose of this dataset is to present a summary of bathing water compliance in England between 1988 and 2014 against the old bathing water directive (76/160/EEC), which was repealed on the 31/12/2014" However I'm not against better standards, but I am against some of the "engineered" methods used to gain those standards.... https://www.ciwem.org/the-environment/how-should-water-and-environmental-management-firms-tap,-retain-and-promote-female-talent#:~:text=Privatisation%20of%20water%20was%20deeply,water%20returned%20to%20public%20ownership https://www.ciwem.org/the-environment/how-should-water-and-e.... As I was saying, some things are engineered....
        3y ago
- smcl 3y ago
  I don't think you want to point at English football clubs if we're talking about sensible compensation, not least since one of the issues highlighted in the article are the debt load of these English and Welsh water companies.
- youngtaff 3y ago
  As you were asked before where are the unions paid $233bn? If the RMT had that amount of money I’ve no doubt Mick Lynch would be using it to buy the railways
- DharmaPolice 3y ago
  "Paid to unions"? Do you mean paid to staff who might be members of unions? And if so why you are comparing money paid to a specific company to money paid to union members across the entire public sector?

ClumsyPilot 3y ago

What is this number of $233 billion, it sounds preposterous. Is that the combined salaries of all union members?

lostlogin 3y ago

> The funding for public unions in the UK is $233 billion That’s a pretty amazing figure, how was that calculated? Are you seriously arguing that that the Thames Water CEO was underpaid? They have been mismanaged extraordinarily. Their debts, losses, costs, service and environment records are so poor that nationalisation is being discussed. They have been paying dividends and bonuses throughout. https://www.theguardian.com/business/2023/jul/10/thames-water-funding-price-review https://www.theguardian.com/business/2023/jul/10/thames-wate...

deleted 3y ago
[deleted]

lifeonlars 3y ago

The 'funding for public unions' is 7% of the economy?