Who makes a worse company chairman: one who is always scratching his head, or one who is off his head?
I have been turning over the question of blockhead-versus-cokehead since the ex-chairman of Co-op Bank was a) filmed apparently handing over £300 for cocaine and crystal meth and b) told a Treasury select committee that the bank had £3bn in assets when it had £47bn.
I’m not saying that Paul Flowers himself is either cokehead or blockhead, as I don’t know enough about him to judge. Instead I’m asking more broadly: if you were a shareholder of any company, which type would you be more appalled to find you had in a position of power?
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