Knowle relocation project: "There is a theory that when big companies splash out on new headquarters or other lavish items, their demise is waiting around the corner."

Tesco's have splashed out on a nice new jet:
BBC News - Tesco confirms delivery of Gulfstream jet worth £30m

As pointed out by a correspondent:
"EDDC have gone for the airport site but not the jet - yet." 
The question is whether the hubris which Tesco's are perhaps experiencing might apply to the District Council...

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Tesco confirms delivery of Gulfstream jet worth £30m

4 October 2014 Last updated at 11:48Analysis

By Joe Lynam, BBC News business correspondent

There is a theory that when big companies splash out on new headquarters or other lavish items, their demise is waiting around the corner.

RBS moved into its huge new headquarters outside Edinburgh just before the financial crisis in 2007. Something similar happened to Lehman Bros, Anglo Irish Bank and Enron.

Hubris at the top of an organisation can be fatal in business terms as it signals that the hunger that got that firm to the top is waning.

Tesco will hope that its move to swiftly sell all five of its private jets will ground the company and its ambitious executives in the reality of the task that faces them.

The days of unstoppable growth and profits are over thanks to Aldi and Lidl. The days of frugality, hard work and no private jets await.

BBC News - Tesco confirms delivery of Gulfstream jet worth £30m
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