Richard sharp

Which is madder, bitcoin at $41,500 — oops, make that $31,000 on Monday — or Tesla shares at $880 apiece? Don’t get me started on the crypto-mania in which the Financial Conduct Authority has warned gamblers ‘they should be prepared to lose all their money’. But Tesla, relatively speaking, is a real thing: a California-based carmaker which has expanded the frontiers of the electric vehicle market that’s going to become huge in the next decade and could soon make carbon--fuelled road transport extinct. Put that way, it’s not so surprising — in tech stock terms — that investors should value Tesla higher than the rest of the US auto industry combined.

If you wanted to start a revolution would you choose an Oxford educated multi-millionaire banker to lead it? Not the obvious choice is it? Which is why the news that the next chairman of the BBC Board is to be ex-Goldman Sachs banker Richard Sharp looks very like a retreat from any serious attempt to reform the Corporation. Tim Davie, the Director-General (DG) and the rest of the BBC executive board will be breathing sighs of relief; it looks very much like ‘business as usual’ at New Broadcasting House. The Revolution is postponed. In choosing Mr Sharp, a walking caricature of the Establishment, the Johnson government is signalling that it’s opting for a quiet life rather than conflict with the BBC. It is also demonstrating a continuing fondness for moneymen.