Tesco really is the biggest British business story for a while, so no apologies for following on Bill's mega-post of yesterday.
I am interested by the leadership aspect. Tesco was noted for its clear-sighted strong-men at the top: Cohen himself, Porter, MacLaurin and of course Leahy. I met Cohen a couple of times in his dotage - a crusty old chap, I think it is fair to say - and had some slight business dealings with Leahy. Like everyone else on the planet I was deeply impressed: he struck me as (a) a very straight bat; (b) decisive, if slightly cavalier; and (c) probably very good to work for.
But his legacy appears to have been awful. Is his a case of getting out before anyone notices you've screwed up ? - or Weinstock / GEC syndrome, where the successor generation takes a sound business and very promptly trashes it ?
If anyone knows, it would be interesting to hear.