At 10pm on Thursday last week, Jonny Gould took to the stage in the ballroom at London's Dorchester Hotel. "Welcome to the most un-PC event of the year," he roared. The sports broadcaster was hosting a charity auction - the centrepiece of a secretive annual event, The Presidents Club Charity Dinner. The gathering's official purpose is to raise money for worthy causes. But this is a charity fundraiser like no other. The men-only black-tie evening was attended by 360 figures from British business, politics and finance, and the entertainment included 130 specially hired hostesses who had to wear skimpy black outfits with matching underwear and high heels. The event has been a mainstay of London's social calendar for 33 years, yet the activities have remained largely unreported. But now questions are being raised in a business climate in which bastions of sexual harassment are being torn down. Last week, the Financial Times sent two people undercover to work as hostesses on the night. O...

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