By John Donovan
Tesco admits a £250m mistake in half-year profit calculations
Tesco share value has plummeted after the supermarket giant announced this morning that it had overstated its half-year profit guidance by £250m.
Four senior Tesco executives, including a managing director, have been suspended.
In view of what happened to Shell when it overstated its hydrocarbon reserves, can we expect law suits, investigations, fines, credit rating downgrades and resignations?
Royal Dutch Shell Group Chairman, Sir Philip Watts (right), was forced to resign and turned to religion. He is now a priest.
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