Jim Ratcliffe

There was something familiar about reports that a German cleric dubbed “the bishop of bling” had spent €15,000 on a bathtub for his palatial new residence. The Pope has now suspended Franz-Peter Tebartz-van Elst, Bishop of Limburg, while his home improvements are audited. There is no evidence the bishop has done anything wrong, let alone illegal. But the affair brings back memories of disgraced Tyco chief executive Dennis Kozlowski’s notorious purchase of a $6,000 gold-and-burgundy floral-patterned shower curtain, using cash and loans from the company.