![SWW boss given 58% rise in pay](https://cdn.magzter.com/1583591992/1718173816/articles/B4ZRvAlmB1718177999217/SWW-BOSS-GIVEN-58-RISE-IN-PAY.jpg)
UNDER-FIRE water firm Pennon has revealed its chief executive saw her pay package jump by 58% after picking up a £298,000 shares bonus - despite seeing pollution incidents nearly double last year at South West Water, which it owns.
Pennon's annual report revealed that chief executive Susan Davy's total pay jumped to £860,000 in 2023/24, from £543,000 the previous year.
The report mentioned that, although she renounced an annual bonus which could have yielded £237,000 in both cash and shares, Ms Davy did receive an extended performance award. This sum must be held for a two-year period, and then re-invested in Pennon's stocks.
The revelations about executive pay come at the same time as the group also revealed a shocking increase in pollution incidents at South West Water last year, which jumped by 80% to 194 in 2023.
Denne historien er fra June 12, 2024-utgaven av The Herald.
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Denne historien er fra June 12, 2024-utgaven av The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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'CONCERNED' FOR ARGYLE
PILGRIMS AMONG RELEGATION CANDIDATES SAYS PUNDIT
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Unfinished business for haunted Rice
DECLAN Rice insists he will forever be \"haunted\" by watching Italy lift the European Championship, but three years on is calling on England to write a new chapter when they face Spain in the Euro 2024 final.
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Small increase to Home Park capacity
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Jimmy holds back tears after farewell
JAMES Anderson brought down the curtain on his historymaking England career, paying tribute to Test cricket as “the perfect game” and toasting his farewell with a well-earned pint of Guinness.
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Home secretary pledges action after latest Channel deaths
THE deaths of four migrants in the English Channel are “truly awful”, the Home Secretary has said.
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Security guard is jailed for life over 'vile' Holly Willoughby murder plot
A security guard has been jailed for life with a minimum term of 16 years after hatching “depraved and vile” plans to kidnap, rape and murder TV star Holly Willoughby.
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Family: "We have lost all faith in justice system'
FATHER SOBS AT INQUEST AS SON'S DEATH IS RECOUNTED
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Zero hygiene rating for bistro
IMPROVEMENTS MADE SINCE LOW RATING
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Beavers helping to reduce risk of flooding
'PIONEERING SOLUTIONS TO CLIMATE CHANGE'
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Council is facing new legal battle over tree felling
CAMPAIGNERS BRING CASE OF CONTEMPT TO HIGH COURT