[Gllug] OT Internet connection
paul at ma1.se
paul at ma1.se
Thu Mar 15 17:52:49 UTC 2007
Christopher Hunter wrote:
> Branson bought himself a company in serious trouble and doesn't realise
> quite what he's let himself in for - the only advantage he's got (at
> present) is that his company is a monopoly, and that most of the
> infrastructure is already there.
Perhaps why he bought it. While he courts publicity as a cut and thrust
entrepreneur, the Virgin Empire, (controlled from a Caribbean tax
haven btw) is actually reliant on government subsidies. According to the
Guardian "His real profits since 1992 have come by securing quasi
monopolies from state regulators."
regards
Paul Lee
www.ma1.se
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