fb

Not the best day in the office for this lady…

Not the best day in the office for this lady…

Winning the lottery is a life changing experience.

The recent Euromillions lottery had a first prize of £38 million.

In a lot of companies, groups of individuals get together to form a syndicate and they combine their money and enter into a lottery.

The idea is that by combining your money you have more entries and you’re more likely to win. To be honest though anyone with a basic understanding of maths will realise that the chances of winning are still infinitesimally small.

When colleagues from an organisation set up such a syndicate to enter the lottery it’s advisable to have a written record of what was agreed (for example what happens if someone is away and can’t pay their share of the lottery money).

A group of 13 bus drivers working for the Stagecoach company in the UK formed a lottery syndicate and agreed to put in £2 per week to enter the lottery.

Six months ago one of the syndicate, a lady by the name of Miss Loveday (or Miss Unlucky as she will soon no doubt become known) decided to withdraw from the syndicate as she reportedly couldn’t afford to pay the £2 to enter each week.

Fast forward to last week and the winning lottery numbers matched those chosen by the syndicate.

Their winnings? A rather pleasant £38 million which works out at over £3 million each.

Having withdrawn from the office syndicate 6 months ago Miss Loveday doesn’t get anything from the lottery win.

Now, we’ve all had bad days at the office but finding out that you’re not an instant multi millionaire because you stopped paying your weekly £2 entry fee 6 months ago probably ranks up there as being “a really bad day at the office”.

One of the winning drivers wasn’t overly sympathetic about her plight though as he was reported as saying “You’ve got to be in it to win it”.

The one piece of good news for the unlucky Miss Loveday is that she doesn’t have to listen to any of the winners celebrating their win as all of them resigned immediately from their £17,000 a year jobs and didn’t bother going into work the day after winning…

Share this entry

Recent articles

View All Articles
Comparing the Top 5 ACCA Platinum Online Course Providers
Dec 12, 2024
Title
Comparing the Top 5 ACCA Platinum Online Course Providers
Excerpt

If you’re looking to excel in your ACCA studies, choosing an ACCA Platinum Approved Learning Partner is a […]

Santa’s got a spreadsheet: office parties are changing
Dec 10, 2024
Title
Santa’s got a spreadsheet: office parties are changing
Excerpt

For generations, the annual office Christmas party has served as a time-honoured tradition—an opportunity for colleagues to celebrate […]

PlayStation turns 30: a game changer?
Dec 05, 2024
Title
PlayStation turns 30: a game changer?
Excerpt

This week it’s Happy 30th Birthday to Sony’s PlayStation. Whilst many a business student may have been longing […]

Ghosting the Algorithm: have dating apps lost their spark?
Nov 28, 2024
Title
Ghosting the Algorithm: have dating apps lost their spark?
Excerpt

In the digital age, anyone looking for romance would know about dating apps. Platforms like Tinder revolutionised how […]

Fake trades but real consequences
Nov 27, 2024
Title
Fake trades but real consequences
Excerpt

Macquarie Bank’s London branch was recently fined £13 million after a trader created fake trades to hide losses. […]

Splash out on a new purchase
Nov 25, 2024
Title
Splash out on a new purchase
Excerpt

The Swedish furniture giant IKEA often comes up with innovative advertising ideas. One of those was when they […]

Are you an adult or a kid (or both)?
Nov 19, 2024
Title
Are you an adult or a kid (or both)?
Excerpt

When was the last time you were in a toy shop or were browsing for toys online? If […]

Who invented double-entry bookkeeping?
Nov 12, 2024
Title
Who invented double-entry bookkeeping?
Excerpt

Double entry bookkeeping – for anyone who has studied accounting those 3 words may bring back fond (or […]