The Royal Mail boss also defended next week's stamp price rises.

BBC: Royal Mail faces a spiral of decline, chief executive says

The war of words flared as Royal Mail boss Adam Crozier rubbished the main postal workers' union's suggestion that the firm treats its staff as "slaves".

BBC: NEWS | Business | War of words amid postal strike

The boss of Royal Bank of Scotland (RBS) should not have to cancel his bonus in light of the Libor rate-fixing scandal, its chairman has told MPs.

BBC: RBS sign

Malcolm Levesconte, boss of the Royal Oak in Shrewton, Wiltshire, jumped to his death from a cross-Channel ferry.

BBC: Missing Christmas club landlord's 'haunting' farewell

Tony Hall, boss of the Royal Opera House (ROH) in London, is jumping on the bandwagon, with last year's acquisition of Opus Arte, a maker of DVDs.

ECONOMIST: New York��s Metropolitan Opera has pioneered a new model

The same thing happened when the British government tried, and failed, to get the boss of the ruined Royal Bank of Scotland to surrender part of his pension.

ECONOMIST: AIG and the president

Mosley's decision follows advice from Formula One boss Bernie Ecclestone, who said the Bahraini royal family "would not like" his attendance.

BBC: Mosley will not attend Bahrain GP

Formula One boss Bernie Ecclestone told the Times the Bahraini royal family "wouldn't like" the president of governing body the FIA to attend.

BBC: Mosley asked to drop Bahrain trip

Ms Royal has her eye on the presidency, as does Dominique Strauss-Kahn, boss of the IMF.

ECONOMIST: The French voters blow a raspberry at their president