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There is no strategy for growth, merely a set of insufficient and derisory decisions enabling the publisher to tread water.
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Its efforts to build infrastructure have been derisory; the deliberate refusal to reach a decision about airport capacity around London is a particular blow to the capital's ability to compete against Paris and Frankfurt.
Suddenly, BAE's decision to accept £1.9bn for its 20% stake, a price that looked derisory at first inspection, looks inspired.
Publisher Egmont's decision to abridge AA Milne's stories for a new app has caused a backlash, including a derisory leader in the Times and a debate on the Today programme.
"That's derisory".
The pay is derisory.
Zubia wore a derisory expression.
In Colorado and Minnesota, turnouts were derisory.
She describes the settlement as "derisory".
This derisory amount is simply not enough.
"I think it is quite derisory".
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CEO of Professional Science Editing for Scientists @ prosciediting.com