Southern Water’s Chronic Bad Management
Southern Water’s ongoing hyper-inflated bills strategy did not just arrive out of nowhere. It emerged out of years of bad management from the top, orchestrated and nurtured by the company’s foreign private owners. It has been encouraged and enabled by a succession of complicit British governments and regulatory authorities that collectively have failed to protect the public from the company’s cavalier conduct.
When the private consortium acquired the assets of Southern Water Plc in 2007 in a ‘sweetheart deal’, the new company was debt-free. However, years of over-emphasis on director salaries and bonuses and investor demands then followed, at the expense of reinvestment in infrastructure. Now, it is so hard-pressed for capital investment that it is resorting to squeezing customers for £billions in cash.
The following sections explore and expose Southern Water’s bad management and corporate culture.
Up to now we have dealt with what Southern Water has done and the bare bones of the Regulatory Background. Is your blood boiling because you have been duped? I hope it is. Ready to take action, if so then close this box and hit the RED Button below.
If you want more information what follows is a much more in depth look at the Chronic Bad Management at Southern Water. To read this close this box and hit the BLUE button below.