Steven Reed on ##BbcQuestionTime says it will cost £100 billion to renationalise #ThamesWater
Nonsense, you just issue public bonds to the shareholders
By any measure, #ThamesWater is a failed business as it cannot function without government support (i.e. subsidies).
If you or I "invest" (AKA "gamble") on the stock market we're always warned that our investments can go down as well as up.
Thames Water should be nationalised with no recompense to shareholders who must have known the risk of business failure when they invested
Good point...and now it needs to fail and go bankrupt and be renationalised from the receivers.
@TCMuffin @Black_Flag Did you see the documentary about #ThamesWater, the one where the CEO after being in post for 8 months did not understand why TW was failing and, half way through interview turned away to watch a cricket match..
Disgraceful and shameless in equal measure
Yes! We were shocked at the incompetence...the Comms Director was one of the worst of a bad bunch
Lucy Mangan's review was excoriatingly accurate...
@TCMuffin @Black_Flag I read this too, Jayne. How do they sleep at night?
.... felt some sympathy for the young man who was a branch manager and decided to jump ship.
Xx
I was cheering when he jumped ship...he was capable, diligent, and unafraid to get his hands dirty and chip in with whatever needed to be done
He was far, far too good for Thames Water!
@TCMuffin @Black_Flag I was shocked a manager was shovelling when that task, in a properly run organisation, should have been done by an engineer
In an ideal world, I'd agree, but there have been many ocassions when, e.g., I've gone out on a summer's afternoon to buy ice-creams for my teams when they've been working hard on my previously prepared project plan and I've become a bit of a spare part.
IMO a good manager will do whatever is necessary to complete a task/project and to support the morale of the people they work with and if it involves rolling up their sleeves, more power to them.
A ten minute "ice-cream" break on a hot summer's afternoon can work wonders for morale...as can picking up a shovel and shovelling shit
I've always wanted my colleagues to know that we're all in the shit together.
And that I'm not too far up my own backside to baulk at shovelling shit with the best of them
@TCMuffin @Black_Flag you've a stronger stomach than me xx