Affinity Water has doubled its chief executive Keith Haslett’s salary to 1.6 million for the 2024-25 financial year, amid financial scrutiny from regulators. Concerns arose due to the company’s high debt levels exceeding regulatory targets and a lack of investment from its owners, though they agreed to invest 150 million to ease pressures. The pay increase includes a retention payment, a long-term incentive payment, and an annual bonus increase. Public outrage surrounding high executive compensation continues due to essential services being monopolized, compounded by issues like sewage spills.
Despite concerns from regulators regarding its financial situation, Affinity Water has doubled the pay of its chief executive, Keith Haslett, to 1.6 million for the 2024-25 financial year, up from 709,000 the prior year.
Public anger over executive pay in water companies is increasing, particularly in light of issues such as leaking infrastructures and sewage spills, raising questions about monopolies in essential services.
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