Network Rail guilty of Water Boarding!

Drip, drip, drip - the sound of confidence draining away.

This from Nigel Hawkins over at AdamSmith.org...

Efficiency levels within Network Rail remain unimpressive and its governance regime resembles that of the 1960s water boards.

Restoring confidence in NRs dire corporate governance will be the first job of Rick Haythornthwaite, when he becomes Chairman in July.

Insiders expect board meetings to be stormy!