Two English ferry companies borrowed HALF A BILLION and still charged customers four times as much as CalMac so that they could pay shareholders and bonuses

Professor John Robertson OBA Many thanks to David Rushent for alerting me to this. From the Isle of Wight Observer today: The Isle of Wight’s ferry services are in the spotlight, as IW East MP, Joe Robertson, voices serious concern about Wightlink’s finances. The firm’s CEO, Katy Taylor, has sparked questions, after failing to deny claims that the company’s owners plan to take £30 million out of the business, leaving Islanders to wonder what impact it would have on already sky-high fares. The IW Observer asked Mrs Taylor this week about reports that Wightlink’s shareholders are close to finalising a deal that … Continue reading Two English ferry companies borrowed HALF A BILLION and still charged customers four times as much as CalMac so that they could pay shareholders and bonuses