| F'n shameless crooks hiding in plain sight, take it off 'em and give 'em nothing 08:48 - May 28 with 365 views | NthQldITFC |
Thames Water fined £122.7m in biggest ever penalty
https://www.bbc.co.uk/news/articles/cgeg5vy9q8eo
'That is on top of an additional penalty of £18.2m for breaches relating to shareholder payouts - known as dividends. It is the first time Ofwat has fined a water company over "undeserved dividends".'
Why the hell do we allow this rotten and stinking form of extortion to go on? Even if you think your share portfolio and pension are better off because of it, there's a moral dimension in the short term and a rotting of social cohesion in the long term which should pull at your conscience and get you to say "enough is enough, we need to reset how our economy works".
We seem to live in a downward spiralling existence of complicit short-term selfishness and stupidity. |  |
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| F'n shameless crooks hiding in plain sight, take it off 'em and give 'em nothing on 09:38 - May 28 with 239 views | SuperKieranMcKenna |
“Even if you think your share portfolio and pension are better off because of it”
Unlikely given it’s a black hole and run by incompetents. Very little of UK pension funds are invested in UK listed stocks anyway (some estimates only around ~4pc of the FTSE100.
Perversely it’s going to be UK taxpayers picking up the cost of the fine. What a shambles. |  | | |
| F'n shameless crooks hiding in plain sight, take it off 'em and give 'em nothing on 09:43 - May 28 with 220 views | Chris_ITFC |
| F'n shameless crooks hiding in plain sight, take it off 'em and give 'em nothing on 09:38 - May 28 by SuperKieranMcKenna |
“Even if you think your share portfolio and pension are better off because of it”
Unlikely given it’s a black hole and run by incompetents. Very little of UK pension funds are invested in UK listed stocks anyway (some estimates only around ~4pc of the FTSE100.
Perversely it’s going to be UK taxpayers picking up the cost of the fine. What a shambles. |
Yeah, totally get the deterrent / punishment of huge fines, but I’m not sure who that ultimately helps?
(uneducated lay person view) |  |
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| F'n shameless crooks hiding in plain sight, take it off 'em and give 'em nothing on 09:47 - May 28 with 213 views | DanTheMan |
| F'n shameless crooks hiding in plain sight, take it off 'em and give 'em nothing on 09:38 - May 28 by SuperKieranMcKenna |
“Even if you think your share portfolio and pension are better off because of it”
Unlikely given it’s a black hole and run by incompetents. Very little of UK pension funds are invested in UK listed stocks anyway (some estimates only around ~4pc of the FTSE100.
Perversely it’s going to be UK taxpayers picking up the cost of the fine. What a shambles. |
In this case, there is a significant holding from pensions for UK academics but otherwise you're right.
https://www.thameswater.co.uk/about-us/governance/our-structure
Just a bunch of foreign investors.
What a complete fecking mess. |  |
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