Money talks: Is CEO pay out of control?
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 21 June 2016
⏱️ 15 minutes
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| 0:00.0 | Attention at all passengers. You can now book your train tickets on Uber and get 10% back in Uber credits to spend on your next train journey. |
| 0:11.0 | So no excuses not to visit your in-laws this Christmas. |
| 0:16.5 | Trains now on Uber. Tees and sees apply check the Uber app. |
| 0:29.6 | Hello I'm Edward McBride, finance editor of the Economist, and this is Money Talks. This week I'll be talking to our correspondent in Delhi about the surprise departure of the |
| 0:33.7 | Governor of the Reserve Bank of India, India's Central Bank. |
| 0:36.5 | It does raise some perplexing questions. |
| 0:39.2 | It doesn't say very much for the quality of leadership in India. |
| 0:42.1 | Andrew Palmer will be asking, is executive pay out of control? |
| 0:45.8 | Basically, whenever the state intervenes in the pay setting process, companies find a way to game |
| 0:50.7 | it, pay keeps going up. |
| 0:52.1 | And we'll be seeing if big data could be big business in the fast growing field of genomics. |
| 0:57.0 | You know, this data is growing and the promise is enormous, absolutely enormous. |
| 1:05.0 | First we're headed to Delhi. Raghur Amrajan has been in charge of the RBI, India Central Bank, since 2013. |
| 1:10.0 | One of the most respected bank governors in the world, he'd earned Plaudits for predicting the 2008 financial crash, |
| 1:16.0 | and since taking office he's been widely praised for his stewardship of the Indian economy. |
| 1:21.0 | But his criticism of the Indian government, though usually guarded, had caused some complaints. |
| 1:25.6 | This week he resigned, declaring in a letter to employees of the reserve bank that he had always |
| 1:30.6 | been a man of ideas more suited to the academic world, but he also admitted |
| 1:34.4 | that discussions with the government had played a part in his decision to leave. |
| 1:38.4 | So why is he going and what does it mean for the future of the world's fifth largest economy. |
| 1:43.0 | To discuss Mr. O'Jans' departure, I'm joined by Max Rodenbeck, our correspondent in Delhi. |
| 1:47.8 | Max, first, what's the response been to the news of Mr. O'Jans resignation. |
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