Thames Water seeks court approval for emergency cash
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10 replies
Let it run out. Businesses should be allowed to fail. That's capitalism.
If the state want to buy the assets for a bargain price, so much the better. We'll be thankful for it in the long run.
Yep, how can the benefits of competition and reward play out if there's no punishment for failure.
Capitalism for the poor, Communism for the rich.
They didn't even fail, the company was intentionally brought to the edge of bankruptcy by taking out huge loans it could never hope to repay so they could fund bigger dividends. Then the people responsible got nice big payouts as they walked away.
Yes, and lots of bonuses for c-suite I'm sure.
I was pretending that water supply/treamtment is not a monopoly and that under the free market businesses will provide the best service to customers whilst ensuring the business is sustainable. https://www.independent.co.uk/business/thames-water-dividend-payouts-in-spotlight-after-shareholders-pull-funding-b2520053.html
Let them go bankrupt, then nationalise them
This. Exactly.
Really love how they never consider cutting their board's pay.
Need to top up their executives' pay somehow.
How about they clawback some of the fat dividends they’ve been paying out?