Thames Water bidders ready to clear-out top managers

Bidders for Thames Water are willing to remove senior managers to restructure the company, following heavy fines for operational and environmental failures. A new board headed by Mike McTighe is prepared to make changes, including potential management clear-outs. Investors are offering additional funding and debt write-offs to rescue Thames Water, hoping to appease regulators and improve the company's performance and financial health through a new operational plan.