Browse content similar to 08/06/2016. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with Ben Thompson and Sally Bundock. | :00:00. | :00:10. | |
Will shareholders take on Sir Martin Sorrell? | :00:11. | :00:14. | |
He is the boss of the world s biggest ad firm WPP - | :00:15. | :00:17. | |
Live from London, that's our top story on Wednesday, 8th June. | :00:18. | :00:40. | |
How much is too much - that's the question facing | :00:41. | :00:52. | |
The company's boss Sir Martin Sorrell is the highest paid | :00:53. | :00:55. | |
He says he deserves over $100 million. | :00:56. | :00:58. | |
Also in the programme, the world's second-largest | :00:59. | :01:01. | |
shipbuilder Daewoo has had is offices raided in South Korea | :01:02. | :01:03. | |
as part of an investigation into alleged accounting irregularities. | :01:04. | :01:06. | |
The markets look like this. Not a great start for the markets | :01:07. | :01:11. | |
across-the-board. Is this profit taking? Is there something more | :01:12. | :01:14. | |
sinister going on? We will explain. We'll be getting the inside | :01:15. | :01:16. | |
track with the boss Founded in 2003 in a spare room it's | :01:17. | :01:18. | |
now worth more than $1.5 billion. We'll explain why the boss prefers | :01:19. | :01:28. | |
to be called a rabbit, As one Harvard professor says | :01:29. | :01:31. | |
we shouldn t love our flaws He says it can prevent | :01:32. | :01:36. | |
you from succeeding. So is it time we ditched | :01:37. | :01:40. | |
the self-confidence and learned to admit | :01:41. | :01:42. | |
our weaknesses at work? Let us know, use the | :01:43. | :01:44. | |
hashtag BBCBizLive. My weaknesses are displayed in a | :01:45. | :01:51. | |
public way on this programme! Executive pay is once again | :01:52. | :02:03. | |
in the headlines as shareholders seek to vent their frustrations | :02:04. | :02:08. | |
at bumper pay packets Today it's the turn | :02:09. | :02:11. | |
of Sir Martin Sorrell, the Chief Executive of the world's | :02:12. | :02:15. | |
largest advertising agency, WPP. He'll face investors at the firm's | :02:16. | :02:21. | |
annual general meeting. Mr Sorrell is the highest paid | :02:22. | :02:24. | |
Chief Executive in the FTSE 100 and is in line for a total payout | :02:25. | :02:26. | |
of around $102 million. He argues that his compensation | :02:27. | :02:35. | |
packet is heavily weighted towards the company's share price | :02:36. | :02:41. | |
and that "if WPP does well, WPP announced in March | :02:42. | :02:49. | |
that its annual pre-tax profits rose 2.8% | :02:50. | :02:53. | |
to $2.2 billion. But despite this the Shareholder | :02:54. | :02:56. | |
advisory group ShareSoc has recommended its members to reject | :02:57. | :03:01. | |
the package saying that they "don't think it will make him | :03:02. | :03:07. | |
work any harder." Not all bosses believe | :03:08. | :03:10. | |
in performance-related pay though. The Chief Executive | :03:11. | :03:22. | |
of Alphabet, the parent company of Google, accepts | :03:23. | :03:24. | |
an annual salary of just $1. Although it should be said | :03:25. | :03:27. | |
that his 6.5% stake in the firm does With me now is Oliver Parry, | :03:28. | :03:30. | |
head of corporate governance Oliver welcome to Business Live. The | :03:31. | :03:39. | |
first question, is he worth it? If you look at what happened with | :03:40. | :03:42. | |
respect to the shares over the last five years, they have more than | :03:43. | :03:46. | |
doubled. Profit in that time is up at ?10 billion. The FTSE has only | :03:47. | :03:52. | |
risen by 5.8%, shareholder are receiving significant returns. When | :03:53. | :03:57. | |
he bought that company up, he lives and breathes the brand, I think he | :03:58. | :04:01. | |
probably is, but the quantum is extremely We talk about large. The | :04:02. | :04:06. | |
shareholder activism. We have seen a big upswing in the number of | :04:07. | :04:11. | |
shareholders who are getting vocal about the pay to top bosses, the | :04:12. | :04:14. | |
question is whether they have the power to change anything? They do, | :04:15. | :04:19. | |
when it is a vote. I think it is really crucial that the board and | :04:20. | :04:21. | |
the shareholders engage with one another. So yes, it is great when | :04:22. | :04:27. | |
there is a majority shareholder vote against such as we saw at BP, but | :04:28. | :04:31. | |
there needs to be regular engagement between the board and the | :04:32. | :04:35. | |
shareholders. A lot of this is paid in shares to Sir Martin. As he said | :04:36. | :04:39. | |
when the firm does well, he does well and clearly there is a | :04:40. | :04:42. | |
correlation between the two, but is there a danger though that we see | :04:43. | :04:46. | |
top bosses earning so much, that gap between what the normal worker is | :04:47. | :04:50. | |
being paid and what the top boss is being paid gets ever bigger and | :04:51. | :04:55. | |
actually this becomes a moral issue, not necessarily a financial issue? | :04:56. | :04:59. | |
Well, there is a moral and ethical dimension. It is very much down to | :05:00. | :05:03. | |
the shareholders. So you have seen local authority pension scheme this | :05:04. | :05:06. | |
morning recommending votes against and that's right because they see it | :05:07. | :05:10. | |
as a moral imperative to do so. The power lies with the showeders. It is | :05:11. | :05:14. | |
crucial that the shareholders exercise their views as we saw with | :05:15. | :05:17. | |
the Church of England and BP several weeks ago. Is there a brand or a | :05:18. | :05:21. | |
potential damage to the brand as a result of this? Because yes, rightly | :05:22. | :05:27. | |
or wrongly, Sir Martin sorle says he deserves the money, but does it come | :05:28. | :05:30. | |
down to the reputation of the firm? Again, it is that issue, isn't it, | :05:31. | :05:33. | |
the boss is being seen to be paid a lot, whether he is worth it or not, | :05:34. | :05:37. | |
many people who are looking at the company will not get into that. They | :05:38. | :05:41. | |
will see he is earning this bumper pay packet and everyone else isn't. | :05:42. | :05:45. | |
How do they prevent that from being damaging to the brand? If | :05:46. | :05:52. | |
performance doesn't match, you saw poor performance with BP and the | :05:53. | :05:59. | |
Chief Executive is paid a large amount of money there, but for me, | :06:00. | :06:04. | |
it can have an effect on British businesses as a hell and that's the | :06:05. | :06:11. | |
real damaging aspect. Our average member earnings ?100,000 a year, and | :06:12. | :06:16. | |
it affects them, the reputation of British business can be affected. | :06:17. | :06:18. | |
That's the worrying concern. Oliver, it is really good to hear your | :06:19. | :06:30. | |
thoughts. An Egyptian passenger plane en route from Cairo to Beijing | :06:31. | :06:37. | |
has made an emergency landing. It landed in Uzbekistan and this was | :06:38. | :06:41. | |
because, it is reported, there was a bomb threat. Now, Uzbekistan Airways | :06:42. | :06:48. | |
said everybody has been evacuated. They are safe. It is not known yet | :06:49. | :06:53. | |
which airliner it was, but Russian news agencies are saying it was an | :06:54. | :06:57. | |
Egypt Aeroplane. That's what we know at the moment. We shall keep you | :06:58. | :07:00. | |
up-to-date with any developments on that. We're told, more information | :07:01. | :07:04. | |
coming through, 118 passengers on board. 17 crew, all evacuated | :07:05. | :07:10. | |
safely. Security Services are currently examining that plane. As | :07:11. | :07:13. | |
soon as we have anymore details, we will bring it to you right here. | :07:14. | :07:17. | |
New Chinese trade data shows the world's second-largest economy | :07:18. | :07:22. | |
Exports fell by 4.1% from a year earlier to $181.1 billion. | :07:23. | :07:31. | |
That's more than double April's 1.8% fall. | :07:32. | :07:33. | |
Imports meanwhile edged down 0.4% to $131.1 billion, | :07:34. | :07:35. | |
an improvement over the previous month's 10.9% fall. | :07:36. | :07:43. | |
Japan's economy is growing faster than we first thought. | :07:44. | :07:46. | |
The official growth rate for the first-quarter of the year | :07:47. | :07:49. | |
has been revised upwards to an annual 1.9%. | :07:50. | :07:53. | |
But market in Tokyo fell in early trading because the higher GDP | :07:54. | :07:55. | |
number could reduce the chance of more economic stimulus measures | :07:56. | :07:58. | |
The FBI is warning banks about potential cyber attacks linked | :07:59. | :08:13. | |
to an interbank messaging system called Swift. | :08:14. | :08:19. | |
In February, hackers stole $81 million from Bangladesh's | :08:20. | :08:21. | |
central bank account with the Federal Reserve | :08:22. | :08:22. | |
The FBI message warned of a malicious cyber group that | :08:23. | :08:26. | |
You may have been following the story of British Home Stores, and | :08:27. | :08:38. | |
its demise. 11,000 jobs at risk. 164 stores potentially closing across | :08:39. | :08:42. | |
the country. Today, the new boss is in the firing line. He will be | :08:43. | :08:46. | |
facing MPs and they will be asking him about what happened, what went | :08:47. | :08:50. | |
wrong and why he bought it for just ?1 last year? You'll know that it | :08:51. | :08:56. | |
entered administration and liquidation after failing to find a | :08:57. | :08:58. | |
buyer for the business as a going concern. That on the live page and | :08:59. | :09:10. | |
full details across the BBC as Dominic Chapel gives evidence. | :09:11. | :09:15. | |
South Korean prosecutors have stormed the offices of the world's | :09:16. | :09:18. | |
second largest shipbuilder, Daewoo, as part of an investigation | :09:19. | :09:20. | |
What do we know about the raid? 150 officials from the prosecutors | :09:21. | :09:42. | |
offices went to Daowoo. An audit committee asked for a probe | :09:43. | :09:53. | |
into the committee. Twonchts former CEOs are being investigated over | :09:54. | :09:57. | |
potential mismanagement at the companiment Daewoo had a really | :09:58. | :10:01. | |
rough time. They posted its biggest net loss last year of $3 billion. . | :10:02. | :10:08. | |
This investigation is not going to help. They are affected by the fall | :10:09. | :10:14. | |
in oil prices and the global slowdown meaning people aren't | :10:15. | :10:17. | |
buying their tanker and container ships anymore. | :10:18. | :10:26. | |
A mixed picture was emerging during the Asian trading session. Japan up | :10:27. | :10:34. | |
by 1%. Japan's first quarter growth figure was revised upwards. | :10:35. | :10:39. | |
We saw the market fall off the back of that news, but in general, it has | :10:40. | :10:43. | |
been a mixed day and you can see the Dow, the night before, ending | :10:44. | :10:45. | |
higher. Let's look at Europe right now. We have a sense of how things | :10:46. | :10:49. | |
are going. You can see London down just a little bit, but let's not | :10:50. | :10:54. | |
forget last night it closed at its highest since April, 6th. | :10:55. | :10:58. | |
Across-the-board, we have losses today, maybe some profit taking | :10:59. | :11:02. | |
going on, but there is a lot of concern about what is happening in | :11:03. | :11:05. | |
the near future. The markets are jittery. Talking of which in terms | :11:06. | :11:10. | |
of the things that might make markets nervous. The US Presidential | :11:11. | :11:17. | |
elections. Last night, primaries, Hillary Clinton cementing her hold | :11:18. | :11:24. | |
on the Democratic knoll nation. She will be racing ahead with Donald | :11:25. | :11:30. | |
Trump for the big job at the House. With the economy expected to | :11:31. | :11:35. | |
dominate this election period, we asked Samira to sum rise where | :11:36. | :11:40. | |
voters stand. Investors are starting to pay close attention to what the | :11:41. | :11:43. | |
presidential candidates plan to do in economic policy. There are some | :11:44. | :11:48. | |
huge differences between Hillary Clinton's economic agenda and Donald | :11:49. | :11:52. | |
Trump's. Mrs Clinton seeks to raise the minimum wage while closing tax | :11:53. | :11:56. | |
loopholes for the wealthiest. Mr Trump see as need to abolish the | :11:57. | :12:01. | |
national minimum wage altogether and wants the lower tax rates for all. | :12:02. | :12:06. | |
On immigration, Clinton clearly supports reforms that would let | :12:07. | :12:11. | |
illegal immigrants become citizens. Trump infamously wants to build a | :12:12. | :12:15. | |
wall between the US and Mexico and deport 11 million illegal | :12:16. | :12:19. | |
immigrants, but one area on which the two candidates may actually have | :12:20. | :12:23. | |
some common ground is international trade. Mr Trump claims he would | :12:24. | :12:29. | |
renegotiate all of the US' existing by lateral trade deals. Mrs Clinton | :12:30. | :12:34. | |
makes no such claim, but notably is not a supporter of the two trade | :12:35. | :12:39. | |
deals that are currently being worked on. | :12:40. | :12:43. | |
Joining us is James Quinn, Group Business Editor | :12:44. | :12:45. | |
James nice to see you. Samira running through the US elections and | :12:46. | :12:55. | |
the politics and that's going to dominate the agenda as is the Fed. | :12:56. | :13:00. | |
There is a lot of other stuff sort of in the mix. It is not really | :13:01. | :13:04. | |
getting the attention that maybe it would otherwise? That's right, we | :13:05. | :13:07. | |
have Spanish elections at the end of this month. Potentially, | :13:08. | :13:11. | |
destabilising the eurozone and the rest of Europe. As you mentioned, | :13:12. | :13:17. | |
the referendum, the Fed, the election in the US. We've got the | :13:18. | :13:23. | |
oil price back above 50 suggesting some certainty about price following | :13:24. | :13:27. | |
the Opec meeting last week. We had World Bank estimates for world | :13:28. | :13:30. | |
growth out last night suggesting a retraction. From 2.6% was an | :13:31. | :13:35. | |
original estimate for this year, now down to 2.4%, solid growth, but not | :13:36. | :13:39. | |
as strong. What's your take on all of this? You know if you are an | :13:40. | :13:43. | |
investor right now, what are you going to do? Are you going to head | :13:44. | :13:47. | |
straight for a safe haven, is that your thinking? That's right. There | :13:48. | :13:50. | |
is a lot of jitters and concern. People don't seem to know. There was | :13:51. | :13:58. | |
data out yesterday suggesting a capital flight suggesting ?66 | :13:59. | :14:01. | |
billion left the UK. Bank of England insiders would point to the fact | :14:02. | :14:04. | |
that the da is volatile and can change from month to month. But | :14:05. | :14:11. | |
also, you know, the FTSE ended at its highest since 6th April. | :14:12. | :14:13. | |
Investors are not sure. There is a lot of concern. There is a | :14:14. | :14:16. | |
suggestion this month very much investors will stay out of the | :14:17. | :14:21. | |
market. One that we will watch closely, it is hard if you are an | :14:22. | :14:26. | |
investor or a normal person like all of us! What to concentrate on | :14:27. | :14:30. | |
because there is so many conflicting things and it strikes me that one | :14:31. | :14:34. | |
thing cancels out something else. Is there a thought by the end of it, we | :14:35. | :14:39. | |
could be where we are now, the status quo maintains? There is a lot | :14:40. | :14:43. | |
of variables, clearly the US elections and what happens there and | :14:44. | :14:46. | |
what happens the Fed and the rate rise and whether it happens this | :14:47. | :14:49. | |
month or next month is clearly key, the world's biggest economy and | :14:50. | :14:53. | |
China. You can never second-guess these things? I think so in the same | :14:54. | :14:57. | |
way we can't second-guess a referendum. It looks too close to | :14:58. | :15:00. | |
call in the UK now. No one can second-guess what is going to happen | :15:01. | :15:05. | |
in the US election. As investors, whether you're focussing on money or | :15:06. | :15:08. | |
companies, you have to try and focus on what you know and put the unknown | :15:09. | :15:12. | |
variables that you can't control almost to one side. All about a | :15:13. | :15:16. | |
steady nerve, clearly? Yeah. Hold your nerve through most of this. You | :15:17. | :15:23. | |
learn something every day! You do. Especially on this show. | :15:24. | :15:34. | |
We are going to meet the boss of Skyscanner later on today. We have | :15:35. | :15:41. | |
also been asking you for your weaknesses at work. | :15:42. | :15:46. | |
I am showing all mine today. We meet the boss of billion dollar | :15:47. | :15:50. | |
travel site Skyscanner and ask why he prefers to be called a rabbit | :15:51. | :15:54. | |
and not a unicorn. You're with Business | :15:55. | :15:56. | |
Live from BBC News. BHS is back in the headlines this | :15:57. | :16:02. | |
morning as MPs prepare to question the man who bought the retailer | :16:03. | :16:05. | |
for just ?1 last year. Dominic Chappell is being blamed | :16:06. | :16:08. | |
by BHS' management for the firm's demise, leaving 11,000 jobs at risk | :16:09. | :16:11. | |
and former staff facing Rob Young is in our | :16:12. | :16:13. | |
business newsroom. What are MPs going to be asking | :16:14. | :16:18. | |
Mr Chappell about today? MPs will be talking to the boss of | :16:19. | :16:32. | |
retail acquisitions, the company that bought BHS for ?1 last year, a | :16:33. | :16:38. | |
former racing driver, a man who had been bankrupt three times and who | :16:39. | :16:43. | |
had no retail experience. The MPs will be asking him why he thought he | :16:44. | :16:47. | |
could turn around BHS when the retail tycoon Sir Philip Green had | :16:48. | :16:51. | |
not been able to. They will also look at the way he managed the | :16:52. | :16:55. | |
company as well. The management of BHS wrote to staff yesterday saying | :16:56. | :17:03. | |
there view was that the reason BHS went under was because it needed | :17:04. | :17:12. | |
massive investment, but Mr Chappell had not done that whilst he was | :17:13. | :17:20. | |
taking out money from the company. Sir Philip Green, the previous owner | :17:21. | :17:26. | |
of BHS had pulled the sale of the retailer to Mr Chappell on the same | :17:27. | :17:29. | |
day he had discovered he had been bankrupt. The MPs who will be | :17:30. | :17:36. | |
questioning Mr Chappell today will be talking to his financial backers | :17:37. | :17:41. | |
and one of those described him as, not the person I would ever consider | :17:42. | :17:46. | |
lending money to. This is important for the historical record, but also | :17:47. | :17:50. | |
because this is the biggest retail failure in Britain for the best part | :17:51. | :17:54. | |
of a decade and up to 11,000 jobs are at risk. | :17:55. | :18:00. | |
We will stay across that story on BBC News. | :18:01. | :18:08. | |
BHS and WPP to watch. WHSmith have given us an update. Travel sales at | :18:09. | :18:14. | |
airports and railway stations are up by 9%. That helped offset a 4% fall | :18:15. | :18:21. | |
in the high street. A familiar picture once again. Like-for-like | :18:22. | :18:28. | |
sales were pretty flat. Doing well in travel, but not so well on the | :18:29. | :18:30. | |
high Street. Our top story: The highest-paid CEO | :18:31. | :18:33. | |
in the FTSE 100, Sir Martin Sorrell, will today find out if shareholders | :18:34. | :18:38. | |
have accepted or rejected his $102 The CEO of WPP, the world's | :18:39. | :18:42. | |
largest advertising group, says that he deserves the money | :18:43. | :18:52. | |
because of how the company has been performing, | :18:53. | :18:54. | |
but others disagree, He built up the company from | :18:55. | :19:05. | |
scratch. Send us your thoughts on that because it is a very hot | :19:06. | :19:08. | |
Now, these days chances are if you book a flight, | :19:09. | :19:12. | |
you do it online and that soaring demand for online bookings has been | :19:13. | :19:16. | |
One of the market's largest players is Skyscanner. | :19:17. | :19:21. | |
It was founded back in 2003 in a spare room and began life as | :19:22. | :19:24. | |
Earlier this year five investor funds backed the tech | :19:25. | :19:33. | |
firm with $186 million, which gives the company a valuation | :19:34. | :19:36. | |
of over $1.5 billion and making it a unicorn, | :19:37. | :19:42. | |
that's a start-up company valued at over $1 billion. | :19:43. | :19:45. | |
The funding will be used to expand Skyscanner overseas and to sign up | :19:46. | :19:48. | |
more customers to the more than 50 million who already use | :19:49. | :19:52. | |
Skyscanner Chief Executive Gareth Williams joins us. | :19:53. | :20:00. | |
Welcome. In terms of your company, there are many companies that do | :20:01. | :20:08. | |
what you do, but you have been around for quite some time. Do you | :20:09. | :20:13. | |
think that is why you are either success that you are? First mover | :20:14. | :20:20. | |
advantage? I am not sure it is first mover, the trick we have pulled off | :20:21. | :20:24. | |
is to still care about travel. Often you do a up and become a business | :20:25. | :20:29. | |
person first. We, throughout the company, care about travel and the | :20:30. | :20:33. | |
traveller and concentrate on the quality of the results. We do that | :20:34. | :20:39. | |
worldwide. And we have kept doing that same thing. It has also come | :20:40. | :20:45. | |
down to the technology. It is one thing to be able to search travel | :20:46. | :20:50. | |
sites and find flights, you have technology you built up over a long | :20:51. | :20:55. | |
time which makes it different? The single biggest role in the company | :20:56. | :21:03. | |
is software and as an example with processing over 3 billion | :21:04. | :21:07. | |
itineraries every day and storing that data and reusing it and making | :21:08. | :21:13. | |
it useful, inferring things from that data. How do you make it really | :21:14. | :21:19. | |
user-friendly in the sense that if you go on your site and search for a | :21:20. | :21:23. | |
flight you are not put off by the hundreds of options that might be | :21:24. | :21:27. | |
irrelevant to what you want. That is what puts me off. I start with great | :21:28. | :21:31. | |
intentions of finding the best deal, but I go to an airline websites | :21:32. | :21:36. | |
because it is easier. We put a lot of effort into that and it seems to | :21:37. | :21:41. | |
pay off, but there is still a lot further to go. In an ideal world we | :21:42. | :21:47. | |
would show you the three best results. The fastest, the cheapest | :21:48. | :21:52. | |
and the best value of the two. We have to strike a balance because we | :21:53. | :21:57. | |
want to make sure that people who use us occasionally trust the | :21:58. | :22:00. | |
results we are giving. At the moment we show them in price ranking order. | :22:01. | :22:07. | |
In the future and for regular users we will offer filtered results that | :22:08. | :22:15. | |
are purely chosen on the basis of traveller convenience. We talked to | :22:16. | :22:22. | |
a lot of bosses of tech firms on this programme and Sally mentioned | :22:23. | :22:26. | |
that have done particularly well in that have done particularly well in | :22:27. | :22:32. | |
their industry. You do not like that term. You preferred the term rabbit. | :22:33. | :22:37. | |
Just explain that for me. You do not want to be a unicorn, you want to be | :22:38. | :22:43. | |
a rabbit. The problem I have got with a unicorn is it is all about | :22:44. | :22:47. | |
funding invents, investment and selling shares. That is not at the | :22:48. | :22:53. | |
core of entrepreneurial growth, about building a sustainable | :22:54. | :22:58. | |
business that delivers value and in particular to travellers. And what | :22:59. | :23:05. | |
can go up in a hype cycle can go down. The interesting one, when I | :23:06. | :23:12. | |
heard the term rabbit, and it stands for real actual business building | :23:13. | :23:18. | |
interest technology, and it betrays my software engineer background. But | :23:19. | :23:23. | |
that is what we are doing and that is how we can add value and make | :23:24. | :23:29. | |
online travel a bit less of a leg ache for millions of travellers. I | :23:30. | :23:34. | |
collectively hear everyone watching going, oh, yes. Thank you, really | :23:35. | :23:40. | |
nice to see you, Gareth Williams, chief Executive of Skyscanner. | :23:41. | :23:43. | |
So, rabbits in a bunny market. In a moment we'll take a look | :23:44. | :23:48. | |
through the Business Pages but first here's a quick reminder of how | :23:49. | :23:51. | |
to get in touch with us. We will keep you up with all the | :23:52. | :24:01. | |
latest details with insight and analysis from the BBC's team of | :24:02. | :24:05. | |
editors around the world. We want to hear from you as well. Get involved | :24:06. | :24:13. | |
in our web page. You can contact us on Twitter and Facebook. | :24:14. | :24:28. | |
We have got a lot of tweets from you. Many of you have sent us | :24:29. | :24:34. | |
messages about the story in the Independent. A Harvard philosophy | :24:35. | :24:40. | |
professor said you should embrace your failings. Clearly we are | :24:41. | :24:46. | |
proving that this morning! This is because it holds you back in | :24:47. | :24:47. | |
business apparently. He teaches at Harvard and he says | :24:48. | :24:59. | |
there should be a constant re-evaluation of yourself, do not | :25:00. | :25:03. | |
think you are perfect because you think you are, you should try and | :25:04. | :25:08. | |
evolve and think of others. I wonder how backlashes or compliments | :25:09. | :25:13. | |
Silicon Valley type philosophy? That is all about the power of oneself | :25:14. | :25:19. | |
and belief. But not necessarily navel gazing at your weaknesses? | :25:20. | :25:26. | |
Yes, that is right. To have an entrepreneurial spirit you have to | :25:27. | :25:30. | |
have some drive and in America the focus on business is very much to | :25:31. | :25:38. | |
look at those failures and build on it. There are so many tweets to get | :25:39. | :25:48. | |
through. Phil says, if you do not acknowledge and admit it, how can | :25:49. | :25:52. | |
you improve? Ian says it should all be in your appraisal. That is all | :25:53. | :25:57. | |
from us. Have a really good day. Goodbye. | :25:58. | :25:59. |