:00:00. > :00:00.BP shareholders have voted against a 20% pay rise
:00:00. > :00:12.The vote is non-binding and Mr Dudley has already been paid
:00:13. > :00:15.the ?14 million but BP says it'll take the protest
:00:16. > :00:20.But unions are left wondering if executive pay has
:00:21. > :00:37.With jobs and profits falling in the proposed 20% pay rise for BP's Chief
:00:38. > :00:40.Executive stunned many. It prompted the in situ. Directors to say that
:00:41. > :00:48.this risk sending the wrong message to other companies. Last year BP
:00:49. > :00:53.reported its biggest ever operating loss. There's a massive pay rise
:00:54. > :01:01.therefore per verse? This is the crazy world of chief executives. The
:01:02. > :01:04.formula for his pay reflect how well BP did relative to other companies.
:01:05. > :01:18.On this measure Bob Dudley was a success because she is in BP fell
:01:19. > :01:23.less than shell and Exxon. Also Bob Dudley had the Deepwater Horizon
:01:24. > :01:28.disaster of 2010 to settle. That cost 11 people their lives and cost
:01:29. > :01:36.the company 50 billion dollars. According to a think tank FTSE 100
:01:37. > :01:44.bosses now earns 182 times more than the average full-time worker. In
:01:45. > :01:51.2014 the average pay was a whopping ?4.96 million. What is more, this
:01:52. > :01:53.disparity has widened considerably since 2010. Perhaps we are not all
:01:54. > :01:55.in this together. I'm joined now by Dave
:01:56. > :01:57.Moxham, Deputy General And in London is Kate Andrews from
:01:58. > :02:14.the Institute of Economic Affairs. Good evening. Date Andrews, 14
:02:15. > :02:18.million, is that an acceptable figure for a salary particularly
:02:19. > :02:24.when 59% of the shareholders said no? This comes down to what the
:02:25. > :02:30.shareholders say, or it should. This is an excellent example of how Chief
:02:31. > :02:33.Executive salaries should be put in check, not from the public, not from
:02:34. > :02:37.the Government, but from the shareholders and those who are
:02:38. > :02:41.tracking the profit and loss of the company. It is not just about the
:02:42. > :02:45.company making profits. If a company is doing well it can create more
:02:46. > :02:49.jobs for other people. If it is doing badly there can be reductions
:02:50. > :02:54.for people. The shareholders said it was not just profits but job cuts
:02:55. > :03:01.was concerned about. This is an example of how Chief Executive pay
:03:02. > :03:05.is sometimes very high. In this case it does not seem he has been doing
:03:06. > :03:09.the job to the extent the shareholders would like him to be
:03:10. > :03:14.doing and he is being held to account. But he has still pocketed
:03:15. > :03:17.the ?14 million. That is a contract that he made with the shareholders
:03:18. > :03:26.that they approved that while back. That would be like looking back on
:03:27. > :03:32.and employees record for one year and docking salary. That is not a
:03:33. > :03:36.salary works. Dave Moxham, Bob Dudley has met his targets and he
:03:37. > :03:46.has been paid accordingly according to his contract. What is the
:03:47. > :04:00.problem? The profit is made by the entire workforce. I am glad the
:04:01. > :04:04.shareholders did what they did. They themselves are fund managers and
:04:05. > :04:07.well-paid people. Even in this example and with many of the
:04:08. > :04:12.examples where shareholder checks feel we are talking about mainly a
:04:13. > :04:17.gentleman 's club where the ordinary worker and the ordinary consumer has
:04:18. > :04:22.no say even though their lives are fundamentally affected by decisions
:04:23. > :04:26.that I made. But chief executives can add billions to the worth of a
:04:27. > :04:33.company through their work. As it's not fair, a figure out of this world
:04:34. > :04:37.perhaps four hours, but is it not feared they are rewarded at this
:04:38. > :04:41.level was Jim they tend not to. Because the entire workforce that
:04:42. > :04:48.does that. Very often they are looking at shareholder value. That
:04:49. > :04:53.is not a blueprint for long-term patient investment in the future of
:04:54. > :04:57.our company. While executive pay is a by short-term spike in shareholder
:04:58. > :05:00.prices and shareholder profits we are not looking at the patient
:05:01. > :05:08.long-term investment that we need for our companies to succeed. What
:05:09. > :05:11.we are seeing here, a massive and growing disparity between what the
:05:12. > :05:17.workers are taking hormones what the people at the top are taking home.
:05:18. > :05:21.Look at the crisis in the north sea. Workers have faced a 10% pay
:05:22. > :05:25.reduction and another 10% pay reduction but they are not seen at
:05:26. > :05:28.the top of the oil industry. Anybody who thinks that Chief Executive
:05:29. > :05:33.Pagels into a big part and they were not getting paid at amount it we go
:05:34. > :05:37.out to increase salaries, that is not the case. That is not pay
:05:38. > :05:41.salaries work. Salaries are based on the value that one brings to a
:05:42. > :05:45.company. At this is an important point. This should not be a
:05:46. > :05:50.conversation about high pay. He pay is not necessarily correlated to low
:05:51. > :05:53.pay. We need to look at the lowest paid in society, how people at the
:05:54. > :05:58.bottom are not able to access what they should be able to access. How
:05:59. > :06:02.the cost of living, childcare, is placing people out of what they
:06:03. > :06:05.should be able to afford. That is the real frustration. It is not that
:06:06. > :06:09.some people are paid more or less than others. Most people are all
:06:10. > :06:14.came back. It is that so many people at the bottom are struggling to
:06:15. > :06:20.access things. Talk about Chief Executive pay is a smoke and mirrors
:06:21. > :06:23.issue. Would a disposable income and the gap there, chief executives
:06:24. > :06:27.bring home millions of pounds, but they are paying so much of that
:06:28. > :06:30.through taxes. The Office of National Statistics found last week
:06:31. > :06:35.that if you take into account taxes when looking at income and equality
:06:36. > :06:40.that percentage shrinks massively. These are people who are paying for
:06:41. > :06:44.a lot of public services. But fundamentally we need to talk about
:06:45. > :06:55.the low paid, talking about the high-paid is not making those less
:06:56. > :07:00.well off better off. It is reassuring to hear support for
:07:01. > :07:06.interventions like minimum wages at the bottom end. Certainly not the
:07:07. > :07:11.living wage. That'll put people out of jobs. It is not reflected in the
:07:12. > :07:19.main arguments put forward by the organisation. What you said about
:07:20. > :07:22.the national living wage does not give me much hope. It is good to
:07:23. > :07:29.hear that there is some commitment from right-wing think tanks in
:07:30. > :07:33.respect of the lowest paid. There is a called relation between company
:07:34. > :07:38.behaviours and high wealth is distributed. Ridiculous settlements
:07:39. > :07:41.like we have seen to date and increasing over the last period
:07:42. > :07:44.contributed to bad company behaviours. Bad company behaviours
:07:45. > :07:50.are not good for even distribution of wealth. But the tax point, these
:07:51. > :07:57.people contribute a huge amount in tax. They do not compared
:07:58. > :08:00.historically. In the 1970s in me had a more equal society Chief Executive
:08:01. > :08:06.'s were being paid less and contributing more in tax. If you
:08:07. > :08:14.wanted to distribute that income across a more even playing field is
:08:15. > :08:19.the company, you would find that the tax that was payback is
:08:20. > :08:23.significantly more. That is not how we just work. They do not go into a
:08:24. > :08:28.big pot and are not distributed by this affect number. Wealth and wages
:08:29. > :08:32.are relative. It is misleading to tell the public who might be
:08:33. > :08:35.struggling and who might not be getting a fair share and deserve
:08:36. > :08:38.higher wages, that the food reduced salaries at the top we would see
:08:39. > :08:46.that reflected in their own salary. That is not true. That is not that I
:08:47. > :08:49.have been arguing on other art examples of where Chief Executive
:08:50. > :08:53.Peter distributed would have that effect. Short-term behaviour
:08:54. > :08:59.encouraged by this sort of settlement is bad food distribution
:09:00. > :09:03.of wealth. I am confused by what you mean by settlement. The shareholders
:09:04. > :09:09.are pushing back. This is people at the top being held to account. As we
:09:10. > :09:13.see more Chief Executives earning this type of Sally Willis come to a
:09:14. > :09:20.point of the workers might say, enough is enough? I cannot speak to
:09:21. > :09:24.each individual company. There is always the possibility that you
:09:25. > :09:28.could say strikes. Companies like Facebook give the employees the
:09:29. > :09:32.urgency to invest in a company. All companies are handling this in
:09:33. > :09:37.different ways. Here is the real question. But everybody in the UK
:09:38. > :09:42.was on a basic minimum income of ?50,000 per year and that the
:09:43. > :09:49.spending power that of 2-D would any of us clear if the person at the top
:09:50. > :09:51.and 1 billion ?100 billion? The answer is no. This conversation is
:09:52. > :09:57.highlighting not that we care about people at the top, that's people at
:09:58. > :10:00.the bottom are not doing well enough. Attacking rich people is
:10:01. > :10:06.covering up the real problem for people at the bottom. We have heard
:10:07. > :10:09.that point before as well but what do you think workers make
:10:10. > :10:15.essentially do about these big pay packets? Workers are increasingly
:10:16. > :10:19.concerned about them. We are at risk of seeing increased levels of
:10:20. > :10:22.industrial action. Governments will come under more pressure not just
:10:23. > :10:30.from workers but from consumers to intervene more. There will be more
:10:31. > :10:34.arguments for transparency. Bringing that is together in the context of
:10:35. > :10:38.the crash of 2010, there is a long way to go.
:10:39. > :10:41.We have to leave it there. Now, living in the countryside has
:10:42. > :10:43.many benefits, but rapid public In the past, bus routes
:10:44. > :10:48.were privatised and the less This is one of the key
:10:49. > :10:54.priorities for rural areas with the first in a series
:10:55. > :11:10.of special reports. Living in the countryside can be
:11:11. > :11:15.idyllic. But it can be a real problem when it comes to getting out
:11:16. > :11:20.and about. Especially when you do not have your own transport. What
:11:21. > :11:24.are your options at the regular bus service is not frequent and does not
:11:25. > :11:32.travel to where you want or need to go?
:11:33. > :11:42.To consummate the regular service that is a network of community
:11:43. > :11:45.transport groups across Scotland. -- to complement the killer service.
:11:46. > :11:50.This local group has been running for 16 years. They have ten
:11:51. > :11:58.accessible buses offering a door-to-door service.
:11:59. > :12:02.Local authorities normally step in to fund less profitable routes but
:12:03. > :12:06.with council reductions this is becoming increasingly difficult.
:12:07. > :12:14.Scotland has a growing elderly population. Many older people find
:12:15. > :12:19.it difficult to use public transport. That is why projects like
:12:20. > :12:27.this one are plugging the gap. How big an issue is rural transport
:12:28. > :12:30.and the issue of older and more honourable people being left
:12:31. > :12:35.isolated? It is a huge issue and that is growing. We have an ageing
:12:36. > :12:39.population in Britain. We have a high ageing population in this area.
:12:40. > :12:45.We also have a high disadvantaged population. We have got one of the
:12:46. > :12:48.least well off areas. We have a lot of people with mental health
:12:49. > :12:53.difficulties, people with physical difficulties. They cannot get out
:12:54. > :12:59.that there's huge train on the local economy but it is also so damaging
:13:00. > :13:02.for them. You have somebody in the hospital who cannot get out because
:13:03. > :13:08.they cannot get back into their home because they cannot get transport.
:13:09. > :13:13.The community bus has arrived. After picking up passengers from
:13:14. > :13:19.surrounding villages. They are meeting for tea and cake before
:13:20. > :13:24.heading for a shopping trip. It is not just social outing to stop the
:13:25. > :13:27.service also provides transport for medical and other appointments. It
:13:28. > :13:31.has opened a lot of doors for the community. The people in the
:13:32. > :13:35.community would otherwise have been housebound. It has been great. You
:13:36. > :13:41.are picked up at your door and taken back to Eudora. You meet a lot of
:13:42. > :13:48.flames on the bus. But choose everybody up. If I want to go to
:13:49. > :13:57.Peterhead I have got to go down to Fraserburgh and then challenge --
:13:58. > :13:59.and then travel to Peterhead. I cannot read numbers. This bus is a
:14:00. > :14:12.godsend. Transport is seen by some as a key
:14:13. > :14:17.to its success. It is something the new Scottish Government will have to
:14:18. > :14:21.tackle after the 5th of May. Community transport freeze people
:14:22. > :14:24.from isolation, it enables people to live independent lives and enables
:14:25. > :14:30.them to live at home because they have access to services. I would
:14:31. > :14:36.suggest that with, for example, the newly formed health and social care
:14:37. > :14:40.partnerships, for example, that looking at transport should be an
:14:41. > :14:45.important consideration for the new partnerships. To keep the service
:14:46. > :14:50.going, there's a small charge to use the community bus. 1.3 million
:14:51. > :14:55.people in Scotland have a free bus pass, but a lot of cardholders in
:14:56. > :14:59.rural areas are not benefiting. Why should we be charging? It is about
:15:00. > :15:06.fairness and equality. While -- why should our miserable clients pay
:15:07. > :15:12.when equally, in the city, -- vulnerable. Rural clients and the
:15:13. > :15:25.will.i.am passengers Community transport goes some way to
:15:26. > :15:27.offering a solution. But it is fragile, depending on different
:15:28. > :15:29.sources of funding from users and already squeezed budgets.
:15:30. > :15:32.Whoa, we're half way there - take my hand
:15:33. > :15:39.Jon Bon Jovi helping us out as we reach the halfway mark
:15:40. > :16:02.Andrew Black has been rounding up this week's events so far.
:16:03. > :16:08.Is this the week when the Scottish election campaign fully took off?
:16:09. > :16:15.Liberal Democrat leader Willie Rennie literally took to the skies
:16:16. > :16:25.to sell his message. Meanwhile, Nicola Sturgeon of the SNP tried to
:16:26. > :16:32.get down with the kids. And Labour's Kezia Dugdale went out on her bike
:16:33. > :16:35.and got wet in the rain. While a few other political parties, including
:16:36. > :16:42.the Conservatives, attempted to raise their game by launching
:16:43. > :16:48.election manifestos. We are heading far our best ever Holyrood results.
:16:49. > :16:53.More votes and SNP 's than ever before --. The Greens also unveiled
:16:54. > :16:56.their pitch. The incredible membership surge we've seen and the
:16:57. > :16:59.new branches sprinting up in communities all over Scotland. It
:17:00. > :17:04.has been a joy to take part in and I can't tell you how long we've been
:17:05. > :17:07.waiting to fight Scottish polymer collection on this scale. That said,
:17:08. > :17:14.the party knows they have to work hard to raise their profile. Patrick
:17:15. > :17:21.becometh he is the leader of the Green Party for Scotland. How would
:17:22. > :17:24.you do? I'm very well. Ukip also published their manifesto this week.
:17:25. > :17:28.Scottish leader David Cockburn gave us an insight into how it was
:17:29. > :17:36.written. You put things into the public domain. Do your research them
:17:37. > :17:43.or do you make them up? A bit of both. I try to be interesting and
:17:44. > :17:47.fun, so that people listen. But it wasn't all fun this week. Protesters
:17:48. > :17:55.barracked a conservative meeting in London following the Panama Papers
:17:56. > :18:07.tax avoidance scandal. This man has done a more... He has looked at his
:18:08. > :18:12.own pocket and I still refer to him as Dodgy Dave. At Westminster,
:18:13. > :18:18.Dennis Skinner was chucked out of the Commons for that jibe at the
:18:19. > :18:21.Prime Minister's affairs. David Cameron, who denies any wrongdoing,
:18:22. > :18:26.denied -- joined the flurry of senior politicians publishing their
:18:27. > :18:31.tax returns. He had a go by Jeremy Corbyn for being tardy with his. The
:18:32. > :18:39.biggest distraction today has been waiting for the right Honourable
:18:40. > :18:42.gentleman's tax return. It has been a return to Earth for some
:18:43. > :18:47.politicians this week, but it is not over yet. We are only halfway to the
:18:48. > :18:49.election campaign, with manifestos from the Liberal Democrats, SNP and
:18:50. > :18:50.Labour still to land. I'm now joined by a couple of guests
:18:51. > :18:53.to discuss the election We have Stephen Naysmith,
:18:54. > :18:57.the social affairs correspondent of The Herald and Anna Burnside,
:18:58. > :19:12.features writer Good evening. The election carries
:19:13. > :19:16.on. Halfway there. Three weeks to go. Three weeks tonight the results
:19:17. > :19:23.will be coming in. Steven, what's were your key points this week? The
:19:24. > :19:27.panama papers were a big event and a tax return is being published. Yes,
:19:28. > :19:33.this has been a rush to fall into line. Once one of the leaders had
:19:34. > :19:38.been forced to reveal their tax affairs, it was a domino effect.
:19:39. > :19:42.Everybody wants to be seen to be being opened. In Scotland we saw
:19:43. > :19:46.that with the leaders rushing to get their tax returns out. They went
:19:47. > :19:50.particularly juicy or interesting. No, it has become one of those
:19:51. > :19:55.things you have to do. I think it is a bit of a big fuss over nothing.
:19:56. > :20:00.There isn't a box on your tax return which you take to say you've got a
:20:01. > :20:06.huge investment offshore. It doesn't tell you the things we want to know.
:20:07. > :20:09.They don't address the issues raised by the Panama Papers, so people can
:20:10. > :20:15.look as if they are being open and joining in, but in fact, they are
:20:16. > :20:20.telling us very little. Stephen, on tax, I know another variety of tax,
:20:21. > :20:25.we saw how much money and how each extra revenue compared to the UK
:20:26. > :20:34.Government would generate with that IPPR report. What the Jamaica that?
:20:35. > :20:37.-- what did you make of that? Some of the parties are being timid about
:20:38. > :20:41.what they plan to do given that Scotland has acquired these new
:20:42. > :20:47.powers and the SNP which obviously has lobbied hard for the vowel to be
:20:48. > :20:50.delivered and for Scotland to get as many powers as it can, is not being
:20:51. > :20:56.terribly aggressive with what it plans to do or how it plans to make
:20:57. > :21:03.use of those powers. The figures showed Labour would raise most, I
:21:04. > :21:08.think the Greens... The Greens are 950 million, with quite an
:21:09. > :21:12.aggressive policy towards the very rich. And other parties, I think the
:21:13. > :21:17.Tories are raising nothing at all, they plan to raise through other
:21:18. > :21:25.methods like tuition fees... And perception charges. And paying for
:21:26. > :21:30.education as well. When you saw these figures, Anna, what did you
:21:31. > :21:33.make of them? New powers, some people are thinking you could be
:21:34. > :21:37.raising more, and with the SNP is saying they are raising 300 million,
:21:38. > :21:39.raising more, and with the SNP is they are saying that's actually be
:21:40. > :22:16.fairer way to combat austerity? people are feeling this actually
:22:17. > :22:21.isn't the radical new different Scotland that they thought that the
:22:22. > :22:26.yes campaign was bringing us. The problem for the parties is that the
:22:27. > :22:29.IPPR identified their be a ?2 billion shortfall by 2020?
:22:30. > :23:57.IPPR identified their be a ?2 is offering something people quite
:23:58. > :24:04.like in terms of the personal appeal. People find her brand of
:24:05. > :24:08.working-class Tory is perhaps more appealing than her personal style.
:24:09. > :24:14.Overall, I think the polls are not showing that she has managed to
:24:15. > :24:18.overcome the kind of toxic Tory brand in Scotland fully and decided
:24:19. > :24:24.that she will form the opposition is a good line to be pushing, but I am
:24:25. > :24:28.much of it is that realistic. It is a great poll, though. Scotland wants
:24:29. > :24:34.a kick boxing lesbian, but it doesn't want Tory! That is a great
:24:35. > :24:37.takeaway format, isn't it was remarked we are nearly at the end of
:24:38. > :24:41.this programme and will finish on a lighter note. You see these new
:24:42. > :24:46.figures showing a rise in vinyl sales, reaching a 21 year high after
:24:47. > :24:50.the decline when CDs came in. Anna, what are your thoughts? Were you
:24:51. > :24:57.surprised at vinyl coming back into fashion? Just a massive regret that
:24:58. > :25:01.I had sold all my Fall singles. I could be selling them to people with
:25:02. > :25:07.beards for ten times what I got from them at the time! Stephen, it is the
:25:08. > :25:11.hipster trend may be for this, or not? Do people appreciate the music
:25:12. > :25:14.you get from a vinyl? The bit of this survey suggested that it might
:25:15. > :25:18.be hipster trend is the fact that nearly half the people buying a
:25:19. > :25:22.vinyl say they don't actually play it and 7% of them don't have a
:25:23. > :25:28.record player. That is fairly extraordinary sort of fashion item.
:25:29. > :25:33.Like expensive posters feel wall, perhaps. I don't know why they would
:25:34. > :25:38.buy records they don't play. Kind of the design item, I suppose. They are
:25:39. > :25:41.lovely things and I think that is what people are appreciating. They
:25:42. > :25:44.are appreciating them as objects as well as music, the cover, the
:25:45. > :25:51.design, the yellow vinyl, the whole package. All the things that you
:25:52. > :25:59.don't get that download can never provide. You can never get excited
:26:00. > :26:02.about a download. For the cynicism, there is something nice about the
:26:03. > :26:05.sound of vinyl, the sound of analogue and I do not know if that
:26:06. > :26:10.is because of the sound quality because people tend to listen to it
:26:11. > :26:14.on better equipment than an iPod. And you listen to the whole album!
:26:15. > :26:17.This is one of the things that I hope the 40% to listen to their
:26:18. > :26:22.records by, that they will listen to a whole album as it was meant to be,
:26:23. > :26:31.not on shuffle, not just cherry picking the greatest hits. Yes, like
:26:32. > :26:35.as old people. Talking of a good experience, when you look at the
:26:36. > :26:39.that cinema chain in America, who was suggesting that they may allow
:26:40. > :26:45.younger customers to text during films. Talking of an experienced,
:26:46. > :26:49.Stephen, would that change the sin experience? I think it is
:26:50. > :26:57.unwarranted. You go to the cinema to watch a film. I go to the cinema
:26:58. > :27:01.lots, people's faces light up when they put on their iPod. The whole
:27:02. > :27:05.road lights up! You see people who can leave it alone for a minute,
:27:06. > :27:09.they are busy updating Facebook or tweeting and it is extraordinary. If
:27:10. > :27:15.you want to do that, you can do that at home. Anna it can be extremely
:27:16. > :27:19.annoying, consequential Mark yes, it is shocking. I would like the return
:27:20. > :27:24.of the stern charrette with the torch to be the beam of light of
:27:25. > :27:30.shame onto people who texting and give them a loud talking to and
:27:31. > :27:32.evict them. I'm hard-core. Thank you both very much for joining me today.
:27:33. > :27:34.That's it for tonight and for this week.
:27:35. > :27:37.On Tuesday, we have special 2016 debate on energy policy.
:27:38. > :27:40.If you'd like to be in the audience at our Pacific Quay studios go
:27:41. > :27:48.to the BBC Scotland election 2016 page
:27:49. > :27:58.So join him then, usual time, bye-bye.