Among several strange press releases received by Euromoney this month, one stood out. It posed the important question: “Can cocaine really be to blame for the recent financial crisis?” The release, put out by the soppily named Love PR, is a response to controversial Imperial College professor David Nutt’s recent assertion that cocaine use makes bankers “overconfident”, leading them to take greater and unnecessary risks. Now, we’re no experts, but anecdotal evidence suggests this is indeed the case.
May 01, 2013