The Patisserie Valerie chief should look to himself before lecturing others again
‘Unfortunately,” Luke Johnson wrote recently, “financial illiteracy permeates society from top to bottom. Too many ordinary people do not understand mortgages, pensions, insurance, loans or investing.”
Johnson, the entrepreneur whose biggest asset, Patisserie Valerie, now needs bailing out, was being generous. Even after the 2008 financial crisis confirmed that corporate incompetence warranted unwavering public scrutiny, too many ordinary people remain equally ignorant about the operations and capabilities of business leaders, even those, like Mr Johnson, whose influence extends far beyond his imperilled patisserie company.
Related: Patisserie Valerie crisis rocks Luke Johnson's business career
Like any half-decent moralist, he alternates rants with personal salvation, through thrift, reliability and financial literacy
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