Royal mall pays 3 mil

June 22, 2008

You may have noticed, if you live in England, that royal mail post offices have been shutting down around the country. Many small villages are now unable to send mail to their friends and family because the royal mail is loosing money, mostly due to the fact that the internet is quicker, cheaper and actually gets to its destination.

Even though royal mail is in financial ruin and is begging the government for some kind of subsidy they still manages to give their chief executive 3 million pounds. Many people are outraged at this amount but royal mail says he exceeded their objectives and deserves it. Personally I don’t think he does.

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Posted in Business/Stocks