Prando's Asset Management - Induced to tears

The chairman contemplates a world without corporate hospitality

Julian Marr
clock • 3 min read

"Do you realise you may have broken our compliance process?" asked the chairman of the improbably-sized investment company Prandeamus Asset Management when I dropped by to see him this week. "Delighted to hear it," I said. "How exactly?"

"By inviting me to the Test match the other day," he explained. "Very decent of you, of course - but, administratively speaking, hugely painful." "But why?" I asked. "It was just a £55 ticket" "Shhh," hissed the chairman, his eyes darting nervously around his office. "I think you'll find it was £49.99," he said more loudly - speaking not in my direction but towards the smoke alarm in the ceiling." "Sure ...

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