I don't pretend to understand what is going on with Eurotunnel, but it sure is fun to watch. Anytime you have a CEO getting the boot after winning a libel case against one of his biggest critics, that is quality entertainment.

But I'm not clear on what the management team did wrong. The working assumption seems to be that since Eurotunnel cost an ungodly amount of money to build, it should therefore return ungodly profits. We all know that ain't so.