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The Bottom Line

Economy and Rumours

The Bottom Line

BBC

Personal Journals, Business, Society & Culture

4.6615 Ratings

🗓️ 22 September 2011

⏱️ 28 minutes

🧾️ Download transcript

Summary

The view from the top of business. Presented by Evan Davis, The Bottom Line cuts through confusion, statistics and spin to present a clearer view of the business world, through discussion with people running leading and emerging companies.

Evan asks his guests whether it's time to declare a state of emergency in the world economy and to adopt extreme measures to sort out the Euro crisis and the lack of economic activity in the West. They also discuss rumours, hearsay and speculation, and the role they play in business.

Evan is joined in the studio by Guy Berruyer, chief executive of global business software supplier Sage Group; internet entrepreneur Brent Hoberman, founder of online interior decoration business mydeco.com; Hugh Hendry, co-founder of hedge fund Eclectica Asset Management.

Producer: Ben Crighton.

Transcript

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0:00.0

Thank you for downloading the Bottom Line podcast.

0:02.8

In this week's programme, Evan Davis and guests debate whether it's time to take drastic measures with the world economy.

0:09.6

Hello and welcome to our new series of the Bottom Line.

0:13.3

Not for the first time, we've been off air for two months and we've seen the economic environment go from bad to worse.

0:19.8

With my three business guests today, we'll talk about

0:22.5

whether it's time to declare a state of emergency in the world economy, a time to adopt extreme

0:28.5

measures to sort out the euro crisis and the lack of economic activity in the West. And a topic

0:35.3

not entirely unrelated to the global economy, we'll also talk about

0:39.1

rumours, hearsay and speculation, the role they play in business, and we'll take a few

0:45.0

minutes to ask if it's hard to manage a software business. As usual, we have three business

0:50.9

guests who run or have senior positions within companies. They are Guy Berrier,

0:55.6

who's chief executive of Sage Group, global supplier of business management software, Guy, I suppose,

1:01.2

to small and medium-sized businesses. That's very accurate. We also supply the services

1:06.4

surrounding the software, and that's very important. You're French, the company's based in Newcastle.

1:12.9

You live in London.

1:13.9

It's spread out.

1:15.5

We're an international company, and when I became CEO,

1:18.5

I thought that to run a UK PLC, I should reside in the UK.

1:24.1

For practical reasons, being in London made more sense to me

1:27.4

than being in Newcastle. So I

1:29.0

got to Newcastle every week for two or three days and then the rest of the time I look after

1:33.5

the rest of the business, which is outside of the UK. No plans to move the headquarters

...

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