There is no question that Network Rail had a bad start to the year. So it shouldn't be too much of a surprise that they have been fined a record £14 mill. But I had missed that at the same time as they were having their wrist slapped, their boss was being knighted. I sometimes wonder what the role of chairman is in some of these companies. You would think that the man at the top should be the one who is ultimately responsible. But it doesn't seem that way. Somehow these CEOs can come out smelling of roses even when everything else is collapsing. I believe the directors of Northern Rock have done rather well as well.
Strangely enough the office of Rail Regulation doesn't get the same shortening as many other public services. But "OffRail" may not give quite the right impression.
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