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James O'Brien - The Whole Show

Should we lose our marbles?

James O'Brien - The Whole Show

Global

News, Daily News

4.3914 Ratings

🗓️ 5 January 2023

⏱️ 143 minutes

🧾️ Download transcript

Summary

This is a catch-up version of James O'Brien's live, daily show on LBC Radio. To join the conversation call: 0345 60 60 973

Transcript

Click on a timestamp to play from that location

0:00.0

Three minutes after ten is the time. A very good morning to you. I've got no idea what question I'm going to ask you at the end of this introduction. But I'm going to begin with some things that we're not going to address. I will address, because this is quite politely phrased. So I won't, I will address this to begin with. James, what's your problem with big company CEOs? There are football players who earn that much and you don't have a problem with them. And I think that is not only a valid question, but also fairly compelling evidence that that little talk up I do while Nick is making his way out of the studio is it didn't work today. I didn't express it correctly. I've got no problem with CEOs earning a huge amount of money. I think they earn too much. Personally, under my glorious rule, I'd make the gap smaller. I'd have multiples in place. You can earn whatever you want as long as you don't earn more than X times what the lowest paid person on your payroll earns. I like that rule. I just think that allows infinite wealth to be accrued by the highest earners, but it puts a basement on how little you can get away with paying or stuff.

0:57.1

And that's my point, Sam. I've got no problem at all with the existence of huge pay packets.

1:02.6

My criticism was of a prime minister who is directing his attention at the people who work for the CEOs,

1:08.9

by taking away the rights they have to negotiate for better deals.

1:12.5

I should have explained this better. I'm happy to do so now. It seems to me incredible that on

1:16.5

the day, it's January the 5th, and according to the high pay centre, at 2 o'clock this afternoon,

1:23.4

your Futsi 100 CEO will have earned more money than the average worker in this country will

1:28.8

earn all year. It's January the 5th. And the Prime Minister of this country made an or is,

1:37.4

is set to announce policies designed to make the average worker in this country less able to resist the status quo, less able to

1:47.9

challenge the terms and conditions imposed upon them by their CEOs. I mean, that is just not

1:55.1

natural justice at all, is it? I hope, Sam, I hope you'll text me again and tell me that my explanation has not only reached the parts that other explanations fail to reach, but also made you realize why this is a fairly egregious example of inequality and injustice in this country. I'll say it again, because sometimes I'm working stuff out live on air as much as I'm trying to explain it to you. But at 2 o'clock this afternoon, Futsi 100, so you know what a Futsi 100

2:19.4

companies. The chief executive officers of Futsi 100 companies by five past two today will have earned more

2:24.6

than the average worker will earn this year. And yet the Prime Minister is dedicating his time and

2:30.9

attention to the idea that the average worker has too many rights,

2:35.8

has too much power when it comes to negotiating terms and conditions.

2:40.3

I didn't know that I was going to go in on this line.

2:42.2

It was quite a good idea to start with Sam's criticism there, or at least his question,

2:46.2

because that has really crystallised the issue for me.

2:48.6

That's incredible, right?

2:51.8

I'm going to say it once more.

2:53.3

Five past two today, right?

2:55.7

The chief executive officers of Futsi 100 companies

...

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