North West Water Salary Increases

EDM number 2233 in 1992-93, proposed by Greg Pope on 30/06/1993.

That this House notes that the Chairman of North West Water, Dennis Grove, received a salary of ú183,000 last year (up 43 per cent), a bonus of ú55,000 (up 45 per cent) and company-paid pension contributions of ú29,000 (up 45 per cent); also notes that the Chief Executive, Bob Thian, received a pay package totalling ú284,000 and that this is equivalent to the annual incomes of 97 single people receiving the single pension; further notes that the former finance director, Steve McAdam, received ú90,000 in compensation and that North West Water also bought his home for ú240,000 as part of the settlement package; believes that these figures are nothing short of a scandal at a time when many people, particularly pensioners, are struggling to pay their water bills, and further believes that this disgraceful state of affairs is a direct result of the privatisation of water; and calls on North West Water to direct its effort into holding down bills for the low paid, elderly and unemployed rather than paying its bosses astronomical salaries.

This motion has been signed by a total of 46 MPs.