Good riddance to the Presidents Club

This boorish relic was way past its sell-by date – but charities should hold on to the cash.

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A bit of harmless fun? Now even the tabloids are tired of it
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Sex scandals have rattled the media industry, the tech sector and politics in the past few months. Now it's the turn of finance, after the Financial Times's investigation into the annual Presidents Club charity auction. The gathering, billed as "the most un-PC event of the year", included prizes such as "a night at Soho's Windmill strip club and a course of plastic surgery" with the invitation to "add spice to your wife".

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