1 00:00:11,880 --> 00:00:13,320 It's just gone 6 a.m. 2 00:00:13,320 --> 00:00:17,480 The public inquiry into the government's three-month long bailout 3 00:00:17,840 --> 00:00:19,920 of green energy startup Lumi 4 00:00:20,160 --> 00:00:22,640 is being held today in Westminster. 5 00:00:22,880 --> 00:00:27,000 Taxpayers are outraged by the two billion-pound bailout. 6 00:00:27,000 --> 00:00:29,000 It seems fingers are being pointed 7 00:00:29,000 --> 00:00:31,960 at the Lumi CEO, Henry Muck, 8 00:00:31,960 --> 00:00:35,520 at the government for bailing out a sinking ship, 9 00:00:35,520 --> 00:00:38,720 and at investment bank Pierpoint, 10 00:00:38,720 --> 00:00:42,600 for overvaluing Lumi's initial public offer. 11 00:00:47,160 --> 00:00:49,440 How's Rob feeling about the select committee? 12 00:00:51,200 --> 00:00:53,960 I can't believe they're sending someone so junior. 13 00:00:53,960 --> 00:00:57,160 It's total dereliction of duty on Pierpoint's part. 14 00:00:57,160 --> 00:00:59,080 Yes, borderline abusive at this point. 15 00:00:59,080 --> 00:01:00,640 I don't know why he's doing it. 16 00:01:00,640 --> 00:01:02,640 Yeah, well, it doesn't sit well with me. 17 00:01:04,160 --> 00:01:05,240 I'm gonna make it right. 18 00:01:21,920 --> 00:01:23,120 Can you do something for me? 19 00:01:24,280 --> 00:01:26,680 Can you be vulnerable with me if I'm vulnerable with you? 20 00:01:29,840 --> 00:01:30,800 Okay. 21 00:01:31,840 --> 00:01:33,440 Can you relieve yourself on me? 22 00:01:35,520 --> 00:01:36,520 What? 23 00:01:36,520 --> 00:01:38,240 What the fuck are you talking about? 24 00:01:38,240 --> 00:01:39,440 I'm not a pervert. 25 00:01:40,280 --> 00:01:42,120 It's like an intimacy thing, okay? 26 00:01:43,680 --> 00:01:45,280 Yeah, I feel like we've reached the stage 27 00:01:45,400 --> 00:01:48,000 where I can ask you to do this for me and not be shamed. 28 00:01:55,000 --> 00:01:55,960 Okay. 29 00:01:57,600 --> 00:01:59,680 I mean, I'm not sure that I can relax, but... 30 00:02:02,600 --> 00:02:04,120 Just piss and think of England. 31 00:02:06,560 --> 00:02:08,800 You really want me to do this? 32 00:02:09,680 --> 00:02:10,800 I'm not a pervert. 33 00:02:11,800 --> 00:02:12,840 I'm practical. 34 00:02:13,600 --> 00:02:17,200 This is the one situation where I get to control my helplessness. 35 00:02:22,680 --> 00:02:23,680 Okay. 36 00:02:27,320 --> 00:02:28,480 Let me relax. 37 00:02:54,960 --> 00:02:56,680 Thank you for trusting me. 38 00:03:07,840 --> 00:03:08,960 Big up! 39 00:03:08,960 --> 00:03:11,400 Children's Investment Trust Charity Day. 40 00:03:11,400 --> 00:03:14,080 This is your annual chance to save your souls. 41 00:03:14,080 --> 00:03:16,200 Remember, donations are tax-deductible, 42 00:03:16,200 --> 00:03:18,160 so it's a fucking win-win in my opinion. 43 00:03:18,160 --> 00:03:19,640 Booyakasha! 44 00:03:22,320 --> 00:03:25,400 People respond emotionally before they respond intellectually, 45 00:03:25,400 --> 00:03:27,400 so we're gonna go with the blue. 46 00:03:28,160 --> 00:03:29,280 Tory blue. 47 00:03:29,280 --> 00:03:32,280 It's more of a royal blue. It's a sympathetic color. 48 00:03:32,280 --> 00:03:36,440 And we'd like you to wear these glasses. 49 00:03:38,080 --> 00:03:39,960 - I don’t wear glasses. - They're non-prescription. 50 00:03:40,400 --> 00:03:43,200 It's very much in your interest that you stick to this statement. 51 00:03:43,200 --> 00:03:44,800 If they ask you any awkward questions, 52 00:03:44,800 --> 00:03:46,880 just say, "I refer to my statement." 53 00:03:47,160 --> 00:03:48,680 Are you Pierpoint's lawyer or mine? 54 00:03:49,280 --> 00:03:51,520 I'm instructed by Pierpoint. You can be rest assured 55 00:03:51,520 --> 00:03:54,320 that to the extent that your interests and Pierpoint's interests coincide, 56 00:03:54,320 --> 00:03:56,600 I shall be looking after your interests today. 57 00:03:58,280 --> 00:03:59,880 With respect, that's not very encouraging. 58 00:04:00,880 --> 00:04:02,880 Sorry, what if I flat-out refuse to do this? 59 00:04:03,600 --> 00:04:06,880 Rob, a company man would do this. 60 00:04:07,760 --> 00:04:09,000 You're a company man. 61 00:04:09,560 --> 00:04:12,240 It's just an information gathering exercise. 62 00:04:12,240 --> 00:04:14,480 The government spent billions bailing out Lumi, 63 00:04:14,480 --> 00:04:16,360 and the opposition is pointing fingers. 64 00:04:16,840 --> 00:04:19,520 But that's not on you. You're not on trial here. 65 00:04:19,880 --> 00:04:22,400 Any questions come up about Henry's integrity 66 00:04:22,400 --> 00:04:27,080 or, indeed, Lumi's highly risky business strategy, 67 00:04:27,360 --> 00:04:29,440 we don't advise that you implicate Lumi, 68 00:04:29,440 --> 00:04:32,680 but your silence on these matters would be useful 69 00:04:32,960 --> 00:04:37,280 in allowing people to draw their own conclusions. 70 00:04:37,280 --> 00:04:40,440 Against Lumi in favor of Pierpoint. 71 00:04:40,440 --> 00:04:44,200 Henry and Lumi will take any opportunity they can 72 00:04:44,200 --> 00:04:46,680 to throw you under the bus. 73 00:04:48,440 --> 00:04:49,360 So... 74 00:04:58,920 --> 00:05:00,720 Lisa Dearn's on that committee. 75 00:05:01,520 --> 00:05:03,160 The Shadow Energy Secretary. 76 00:05:03,160 --> 00:05:04,640 She's an up-and-comer. 77 00:05:05,240 --> 00:05:06,760 And a fucking Rottweiler. 78 00:05:06,760 --> 00:05:09,920 Means eyeballs and good political capital for her, 79 00:05:09,920 --> 00:05:13,240 but she's gonna grandstand, play to the gallery. 80 00:05:13,240 --> 00:05:14,840 What's the narrative gonna be? 81 00:05:15,720 --> 00:05:19,280 Dearn's gonna paint this as a big bank 82 00:05:19,280 --> 00:05:21,760 over-inflating a startup into a national utility, 83 00:05:21,760 --> 00:05:24,280 which she believes should be publicly owned anyway, 84 00:05:24,280 --> 00:05:26,920 only for the taxpayer to foot the bill when it went tits up. 85 00:05:26,920 --> 00:05:27,920 Off the record, 86 00:05:27,920 --> 00:05:30,400 what do Adler and the higher-ups make of all this? 87 00:05:30,400 --> 00:05:31,640 They're disowning it, 88 00:05:31,640 --> 00:05:34,360 pretending it's a local, UK-centric issue 89 00:05:34,360 --> 00:05:36,480 that'll be swallowed by the next news cycle. 90 00:05:36,480 --> 00:05:38,120 But the more we can do 91 00:05:38,880 --> 00:05:41,160 to lay blame at Lumi's feet, the better. 92 00:05:41,400 --> 00:05:43,080 Why didn't we send a tank in? 93 00:05:43,360 --> 00:05:47,280 Why didn't you go in and rip Henry's head off? 94 00:05:47,280 --> 00:05:50,320 Because after COP, I'm the very public, 95 00:05:50,320 --> 00:05:52,360 internal face of Lumi's failure. 96 00:05:53,200 --> 00:05:54,360 I want a new one. 97 00:05:54,600 --> 00:05:56,480 And so we're not at cross purposes here, 98 00:05:56,480 --> 00:05:58,280 Robert's expendable? 99 00:06:00,560 --> 00:06:04,080 He's a young man early in his career. 100 00:06:05,360 --> 00:06:06,400 He'll recover. 101 00:06:06,960 --> 00:06:08,240 The randomizer of the universe 102 00:06:08,240 --> 00:06:11,040 is laughing at us as it spits out our bingo card. 103 00:06:11,720 --> 00:06:15,040 A select committee and the Children's Investment Trust event 104 00:06:15,040 --> 00:06:16,160 on the same day. 105 00:06:16,160 --> 00:06:18,240 I've already spoken to the photographer 106 00:06:18,240 --> 00:06:21,920 about avoiding Yasmin Hanani, but can you sensitively adios her? 107 00:06:21,920 --> 00:06:23,160 I don't think that the charity want 108 00:06:23,280 --> 00:06:25,680 the Charles Hanani association on their Twitter feed. 109 00:06:29,080 --> 00:06:30,560 It's endearing you try so hard. 110 00:06:32,200 --> 00:06:34,360 - Nice calves. - Rishi in the porno. 111 00:06:34,360 --> 00:06:35,560 It's for the kids. 112 00:06:36,320 --> 00:06:39,360 Rishi in the punani. Bop! 113 00:06:41,560 --> 00:06:44,480 Hey, it's-a me, generic Italian plumber. 114 00:06:44,480 --> 00:06:45,880 Okay. 115 00:06:45,880 --> 00:06:47,920 Rish, can I have a word, please? 116 00:06:47,920 --> 00:06:50,800 Sweetpea, you do look very fetching in your outfit. 117 00:06:51,360 --> 00:06:53,520 All I wanna know is, does the carpet match the drapes? 118 00:06:53,520 --> 00:06:54,800 That's pathetic. 119 00:06:54,800 --> 00:06:57,160 - I'm not sure it is. - So, thanks for that. 120 00:06:58,280 --> 00:07:01,000 Thanks for making such an effort. 121 00:07:01,240 --> 00:07:02,720 You are welcome. 122 00:07:05,840 --> 00:07:07,920 Ooh, this is nice. 123 00:07:08,560 --> 00:07:11,120 What is it exactly you're doing on my desk? 124 00:07:11,880 --> 00:07:12,880 I don't know. 125 00:07:14,120 --> 00:07:15,320 Call your boss, he'll tell you. 126 00:07:19,640 --> 00:07:21,760 Yo, what time you on the box, Bob? 127 00:07:21,760 --> 00:07:24,680 You look like you're due in court for a racially motivated murder. 128 00:07:28,320 --> 00:07:29,480 I spoke to Henry, you know, 129 00:07:29,480 --> 00:07:31,760 he says this has got nothing to do with you. 130 00:07:31,760 --> 00:07:35,120 He wouldn't lie to me, so you're gonna be fine, okay? 131 00:07:36,320 --> 00:07:37,320 Yeah. 132 00:07:37,880 --> 00:07:40,480 That's the exact opposite of what Eric just told me. 133 00:07:43,760 --> 00:07:46,440 Yas, can I speak to you about my rotation project? 134 00:07:46,440 --> 00:07:50,000 Sorry, I, um-- I have to firm up a meeting with LeviathanAlpha. 135 00:07:50,000 --> 00:07:51,480 Please, um-- Please. 136 00:07:51,480 --> 00:07:53,440 You could just listen to me, like, for once. 137 00:07:53,720 --> 00:07:55,680 I'm bringing this to you because I do not want you 138 00:07:55,680 --> 00:07:57,600 to look fucking stupid as my line manager. 139 00:07:57,600 --> 00:07:59,440 I'm making a call, Sweetpea. 140 00:08:01,520 --> 00:08:03,040 Is it 'cause I is Black? 141 00:08:03,600 --> 00:08:06,080 - Um, Eric, can I talk to you? - In a little bit. 142 00:08:06,480 --> 00:08:08,840 I was working late last night on this indicator model. 143 00:08:09,400 --> 00:08:11,760 Well, it's turned into more of a risk assessment now. 144 00:08:11,760 --> 00:08:14,640 Sweetpea, Robert's my focus this morning, okay? 145 00:08:14,640 --> 00:08:17,320 Okay, yeah. No, I get that, um... 146 00:08:17,880 --> 00:08:20,000 And I’m sorry, I don’t-- I don’t wanna be too forthright 147 00:08:20,000 --> 00:08:22,160 but I actually think this is really important right now. 148 00:08:22,280 --> 00:08:24,800 So I'm gonna, I'm gonna wait in a meeting room over there 149 00:08:24,800 --> 00:08:25,920 until you come and talk to me. 150 00:08:25,920 --> 00:08:27,840 - All right, in third place Paul and Ben... - Okay? 151 00:08:27,960 --> 00:08:29,560 - ...who've come as Jimmy Savile... - Okay. 152 00:08:29,560 --> 00:08:30,880 ...and his mother's corpse. 153 00:08:30,880 --> 00:08:33,920 In second place, Bilal, who's come as Bobby Sands, 154 00:08:33,920 --> 00:08:36,600 complete with very inventive dirty protest make-up. 155 00:08:37,000 --> 00:08:39,640 But the winner this year, Leanne and Julie... 156 00:08:39,640 --> 00:08:42,040 I'm gonna call you back. I'll just see you at 4:00. 157 00:08:42,040 --> 00:08:43,840 - Okay. - Uh, quick one. 158 00:08:44,080 --> 00:08:48,720 It might be a good idea for you to take a personal day. 159 00:08:49,360 --> 00:08:51,600 What do you mean? Like a day off? 160 00:08:51,600 --> 00:08:54,920 Well... you want your privacy. 161 00:08:55,440 --> 00:08:58,160 Yeah, when a fucking pap is camping out on my cistern, 162 00:08:58,160 --> 00:08:59,440 not when I'm doing my job. 163 00:08:59,440 --> 00:09:01,400 Eric, the last thing I want is for any of this shit 164 00:09:01,400 --> 00:09:02,640 to affect my life in here. 165 00:09:02,640 --> 00:09:04,840 Can you not throw your toys out of the pram? 166 00:09:05,440 --> 00:09:08,040 Don't patronize me, okay? I'm not one of your daughters. 167 00:09:10,200 --> 00:09:12,400 I'm just trying to offer you a little protection 168 00:09:12,400 --> 00:09:14,800 from the glare of the spotlight in a tough time. 169 00:09:14,800 --> 00:09:15,920 That's all. 170 00:09:18,480 --> 00:09:19,560 I appreciate that. 171 00:09:20,960 --> 00:09:23,920 But, you know, I've just gotten off a call with LeviathanAlpha, 172 00:09:23,920 --> 00:09:27,080 who, let's be honest, left us a pretty shitty quarterly review. 173 00:09:27,080 --> 00:09:28,240 What a surprise. 174 00:09:28,480 --> 00:09:31,200 Harper's power to give us a bad review must really light up 175 00:09:31,200 --> 00:09:32,960 the pleasure centers in her brain. 176 00:09:32,960 --> 00:09:34,760 I've just set up a 4 p.m. 177 00:09:34,760 --> 00:09:37,520 between Harper and Daisy, the CIT's new PM. 178 00:09:37,760 --> 00:09:38,960 She's just moved over from Crux. 179 00:09:38,960 --> 00:09:41,680 I have been speaking to her for weeks. 180 00:09:41,680 --> 00:09:43,880 She thinks that Petra and Harper are cutting-edge. 181 00:09:43,880 --> 00:09:45,480 You know, I can make this connection. 182 00:09:45,480 --> 00:09:47,520 You know, we give the Children's Investment Trust 183 00:09:47,520 --> 00:09:50,480 five percent of our PNL on Charity Day as gesture, 184 00:09:50,480 --> 00:09:54,840 which they then end up reinvesting through us anyway. 185 00:09:55,760 --> 00:09:56,920 It's a waste of my time. 186 00:09:56,920 --> 00:09:58,680 Well, okay, it's not a waste of mine. 187 00:09:59,240 --> 00:10:01,760 We have no idea where Daisy's gonna end up in a few years, 188 00:10:01,760 --> 00:10:03,640 and I'm looking for longevity in this business, 189 00:10:03,640 --> 00:10:05,440 so I'm going to introduce Harper and Petra 190 00:10:05,440 --> 00:10:07,800 to the Children's Investment Trust at 4 p.m. today. 191 00:10:09,200 --> 00:10:10,840 By the way, just so we're clear, 192 00:10:10,840 --> 00:10:14,240 I certainly don't see you as my daughter. 193 00:10:15,200 --> 00:10:16,160 Okay? 194 00:10:24,160 --> 00:10:27,680 Apologies, I know this select committee is like a-- it's a big deal, so... 195 00:10:31,080 --> 00:10:33,160 I've just-- I've been-- I'm a little freaked out 196 00:10:33,160 --> 00:10:35,960 and no one here is listening to me. 197 00:10:35,960 --> 00:10:38,640 So, I don't know. 198 00:10:38,640 --> 00:10:42,480 I could, I could be adding two and two and be getting five, 199 00:10:43,160 --> 00:10:46,640 but I also could be adding two and two and be getting four. 200 00:10:48,000 --> 00:10:51,480 And four would be like... really bad. 201 00:10:53,720 --> 00:10:55,960 So, like, five minutes? Ten minutes? 202 00:10:55,960 --> 00:10:56,920 - Okay. - Okay. 203 00:10:56,920 --> 00:10:58,480 - Let's start with five. - Okay, cool. 204 00:10:58,760 --> 00:11:01,920 So, obviously, there's a trend of IPOs being pulled, 205 00:11:01,920 --> 00:11:04,240 and ESG is experiencing a downturn. 206 00:11:04,560 --> 00:11:06,440 Thank you for highlighting that for me. 207 00:11:07,840 --> 00:11:11,360 So, um, I was speaking to my friend, Amir, in Fixed Income, 208 00:11:11,480 --> 00:11:13,920 and he said that Pierpoint issued, 209 00:11:13,920 --> 00:11:17,480 like, a fuck ton of senior secured debt around five years ago, 210 00:11:17,480 --> 00:11:19,720 and it's about to reach maturity, 211 00:11:19,720 --> 00:11:22,200 and there's literally no bid for it anywhere. 212 00:11:23,640 --> 00:11:25,600 So this, this capital-raising strategy 213 00:11:25,600 --> 00:11:28,480 coincidentally but also perhaps dangerously lines up 214 00:11:28,480 --> 00:11:30,520 with the timing of our own ESG pivot. 215 00:11:33,520 --> 00:11:34,600 So what are you saying? 216 00:11:35,000 --> 00:11:37,680 Look, I could, I could probably get in a lot of trouble for this. 217 00:11:38,360 --> 00:11:40,600 You know, with, like, the Chinese walls and everything. 218 00:11:40,600 --> 00:11:44,600 But, um, my friend, Magdelena in Banking, 219 00:11:45,160 --> 00:11:47,440 said that every IPO roadshow that they've done 220 00:11:47,440 --> 00:11:49,400 over the past three months has gone badly. 221 00:11:50,000 --> 00:11:53,280 No company coming to market will want Pierpoint to be its bookrunner. 222 00:11:54,080 --> 00:11:56,040 And pretty much all of the IPOs 223 00:11:56,040 --> 00:11:58,240 that Pierpoint have underwritten are in limbo 224 00:11:58,240 --> 00:12:00,480 between postponement and pulling completely. 225 00:12:00,760 --> 00:12:03,040 And the equity within these prospective companies 226 00:12:03,040 --> 00:12:04,640 is close to zero by now. 227 00:12:04,640 --> 00:12:05,600 No one wants them. 228 00:12:05,600 --> 00:12:07,600 The valuations have completely collapsed. 229 00:12:09,160 --> 00:12:10,080 Go on. 230 00:12:10,080 --> 00:12:12,120 So, um... this is the kicker. 231 00:12:12,800 --> 00:12:15,240 My friend, Keval, in Asset Management 232 00:12:15,240 --> 00:12:17,960 said that Pierpoint took equity stakes 233 00:12:17,960 --> 00:12:19,720 to facilitate these deals. 234 00:12:21,560 --> 00:12:26,600 Is it possible that these prop bets are all going to zero? 235 00:12:31,520 --> 00:12:32,560 So... 236 00:12:33,840 --> 00:12:37,840 what you are saying is two plus two equals fucked? 237 00:12:40,920 --> 00:12:43,280 Well, yeah. 238 00:12:43,600 --> 00:12:44,560 Yeah, yeah. 239 00:12:45,880 --> 00:12:46,920 Okay. 240 00:12:48,640 --> 00:12:51,480 Sweetpea, this is what we're gonna do about this. 241 00:12:51,920 --> 00:12:55,440 The way you gleaned this information 242 00:12:56,520 --> 00:12:59,280 is potentially a regulatory issue, 243 00:13:00,360 --> 00:13:03,680 a confidentiality issue, 244 00:13:05,000 --> 00:13:07,520 and a disciplinary issue. 245 00:13:09,840 --> 00:13:11,720 I think it's best for you 246 00:13:11,720 --> 00:13:16,160 and whoever you... concocted this little conspiracy with 247 00:13:16,640 --> 00:13:18,400 that you all go back to your desks 248 00:13:19,280 --> 00:13:21,600 and do your fucking jobs. 249 00:13:23,000 --> 00:13:24,000 Understood? 250 00:13:28,120 --> 00:13:28,960 Yeah. 251 00:13:30,560 --> 00:13:31,560 Yeah, sorry. 252 00:13:48,200 --> 00:13:50,120 Hey, are you still in the UK? 253 00:13:50,120 --> 00:13:52,440 At City Airport. Just landed from Switzerland. 254 00:13:52,960 --> 00:13:54,720 Can you-- Can you come to the office? 255 00:13:54,720 --> 00:13:56,440 I need to speak to you. 256 00:13:56,440 --> 00:13:58,360 Haven't you got both eyes on the select committee? 257 00:13:58,360 --> 00:14:00,000 Is this-- Is this more urgent? 258 00:14:01,880 --> 00:14:03,680 I'll lay it out, and you can tell me. 259 00:15:07,080 --> 00:15:09,680 You read the statement, make it clear and concise, 260 00:15:09,680 --> 00:15:12,080 but don't make it interesting. The more boring, the better. 261 00:15:12,080 --> 00:15:13,280 - Understood? - Yeah, all right. 262 00:15:33,160 --> 00:15:36,240 Our role is to provide fledgling businesses with capital, 263 00:15:36,240 --> 00:15:39,280 and we remind you that throughout bringing Lumi to market, 264 00:15:39,680 --> 00:15:42,000 we made good on Pierpoint's foundational tenet... 265 00:15:42,560 --> 00:15:44,080 doing business with integrity. 266 00:15:45,840 --> 00:15:46,800 Thank you. 267 00:15:49,520 --> 00:15:50,800 Why are you here? 268 00:15:52,960 --> 00:15:54,240 Actually, let me rephrase that. 269 00:15:54,240 --> 00:15:55,480 Why are we here? 270 00:15:57,880 --> 00:15:59,240 Sorry, I... I'm not following. 271 00:16:01,920 --> 00:16:03,000 Why are we here? 272 00:16:03,600 --> 00:16:04,920 I was asked to be. 273 00:16:05,720 --> 00:16:09,600 We're here because your employer overvalued Lumi, 274 00:16:10,280 --> 00:16:12,320 which provided an essential service, 275 00:16:12,320 --> 00:16:14,560 fanned its untenable growth trajectory 276 00:16:15,040 --> 00:16:16,680 to the point where it had to be placed 277 00:16:16,680 --> 00:16:18,920 under emergency government control 278 00:16:19,280 --> 00:16:21,840 and bailed out by the taxpayer 279 00:16:21,840 --> 00:16:24,640 to the tune of two billion pounds. 280 00:16:26,200 --> 00:16:28,000 Do you agree that's why we're here? 281 00:16:28,400 --> 00:16:30,920 I'd like to refer back to my statement, um, in that-- 282 00:16:30,920 --> 00:16:33,200 I spent my weekend reading testimony 283 00:16:33,200 --> 00:16:35,680 from customers that Lumi failed. 284 00:16:36,200 --> 00:16:38,640 And I'd share them aloud here, but we'd be here till next week. 285 00:16:39,320 --> 00:16:41,360 I'd implore you to avail yourself of these. 286 00:16:42,720 --> 00:16:45,080 But I fear the human cost will always be something 287 00:16:45,080 --> 00:16:47,320 of an abstraction for people in your line of work. 288 00:16:47,320 --> 00:16:49,160 I didn't think I heard a question 289 00:16:49,160 --> 00:16:51,160 in the Shadow Energy Secretary's statement. 290 00:16:51,160 --> 00:16:53,080 Rather an ad hominem attack. 291 00:16:53,080 --> 00:16:57,000 One statement from a Lumi employee 292 00:16:58,000 --> 00:17:01,960 called you Sir Henry's "whipping boy." 293 00:17:03,680 --> 00:17:05,080 Is that a fair characterization? 294 00:17:05,920 --> 00:17:09,080 I'd say you're more Pierpoint's whipping boy, 295 00:17:09,080 --> 00:17:11,040 given that they've sent someone so junior 296 00:17:11,040 --> 00:17:14,200 and youthful to face the music for them. 297 00:17:14,680 --> 00:17:16,360 I do find myself feeling sorry for you. 298 00:17:18,440 --> 00:17:20,240 I work in Equity Capital Markets. 299 00:17:21,320 --> 00:17:23,680 That requires a certain level of time spent with management. 300 00:17:24,120 --> 00:17:25,800 Sorry, I, um-- I refer to my statement-- 301 00:17:25,800 --> 00:17:27,920 "Time spent with management" 302 00:17:28,360 --> 00:17:30,760 seems underpowered for what you really mean. 303 00:17:31,120 --> 00:17:35,040 According to statements from an anonymous Lumi employee, 304 00:17:35,040 --> 00:17:38,160 your relationship with Muck was, 305 00:17:38,560 --> 00:17:40,600 and I quote here, "intimate." 306 00:17:40,960 --> 00:17:44,400 I don't understand how this is relevant to the inquiry. 307 00:17:44,640 --> 00:17:46,320 I think a level of incestuousness 308 00:17:46,320 --> 00:17:49,680 between Pierpoint and Lumi might be at the crux 309 00:17:49,880 --> 00:17:51,760 of the valuation problem. 310 00:17:52,200 --> 00:17:54,560 I'd refer again to your use of the word "integrity." 311 00:17:54,920 --> 00:17:56,840 I wonder if you might actually make good on that... 312 00:17:57,480 --> 00:17:58,440 platitude. 313 00:17:58,800 --> 00:18:00,960 Would you say that we've established 314 00:18:01,080 --> 00:18:03,040 that you spent enough time 315 00:18:03,040 --> 00:18:07,320 in Muck's orbit to make a character assessment of him? 316 00:18:08,800 --> 00:18:09,880 I don't know. 317 00:18:12,400 --> 00:18:13,320 Probably. 318 00:18:13,320 --> 00:18:16,520 Then how would you characterize his relationship 319 00:18:16,520 --> 00:18:18,560 with the young women he worked with? 320 00:18:20,800 --> 00:18:21,680 I... 321 00:18:21,680 --> 00:18:23,720 Because I have a... a source 322 00:18:23,720 --> 00:18:26,280 at Lumi who it is incumbent on me to protect 323 00:18:26,280 --> 00:18:27,640 who's made it very clear 324 00:18:28,320 --> 00:18:30,760 that Muck ran a predatory environment. 325 00:18:31,160 --> 00:18:33,560 She was indeed a victim of Muck's predation. 326 00:18:34,400 --> 00:18:38,200 Again, how is this germane to our purpose here today? 327 00:18:38,200 --> 00:18:41,480 This is the second and now largest bailout 328 00:18:41,480 --> 00:18:44,240 since the introduction of the sweeping energy bailout bill. 329 00:18:44,240 --> 00:18:46,040 The British taxpayer has been forced 330 00:18:46,040 --> 00:18:48,720 to bail out a company created by a force of personality. 331 00:18:48,720 --> 00:18:51,480 They deserve to know what kind of personality 332 00:18:51,480 --> 00:18:52,640 they're footing the bill for. 333 00:18:52,640 --> 00:18:54,840 Uh, sorry, Chair, um, I need to, um... 334 00:18:55,560 --> 00:18:57,840 Sorry, uh, can I go to the toilet, please? 335 00:18:58,480 --> 00:19:00,080 Let's reconvene in 20 minutes. 336 00:19:01,200 --> 00:19:02,240 Keep it together. 337 00:19:07,440 --> 00:19:10,040 Who's the Arab kid on my desk, by the way? 338 00:19:10,640 --> 00:19:11,920 That's Ali. 339 00:19:11,920 --> 00:19:14,000 His family are high up in the Egyptian government. 340 00:19:14,000 --> 00:19:15,960 They have ties with the Al-Mi'raj Holding Company 341 00:19:16,080 --> 00:19:16,960 out of the Gulf. 342 00:19:17,080 --> 00:19:19,000 Big investors in our asset management division. 343 00:19:20,080 --> 00:19:21,560 They wanted to give him a job, you know? 344 00:19:21,560 --> 00:19:23,240 The usual "client's son" nepo thing. 345 00:19:24,320 --> 00:19:25,880 How bad is our balance sheet? 346 00:19:26,760 --> 00:19:28,960 Let's forget the Chinese wall for a moment. 347 00:19:29,480 --> 00:19:30,840 Give it to me undiluted. 348 00:19:34,720 --> 00:19:35,680 Where have you been? 349 00:19:40,920 --> 00:19:42,520 John Lindsay's stepping down. 350 00:19:47,280 --> 00:19:48,600 We're getting a new CEO? 351 00:19:50,280 --> 00:19:51,520 Captain for a storm. 352 00:19:53,320 --> 00:19:54,320 Who is it? 353 00:19:54,600 --> 00:19:56,600 I wouldn't wanna preempt the final decision. 354 00:19:59,600 --> 00:20:00,560 I, uh... 355 00:20:03,880 --> 00:20:05,840 I want you to come see me at my place tonight 356 00:20:05,840 --> 00:20:07,720 for a more intimate confab. 357 00:20:08,240 --> 00:20:09,720 Tell me, honestly. 358 00:20:11,240 --> 00:20:12,840 Is there a storm coming, Bill? 359 00:20:14,360 --> 00:20:15,480 It's already here. 360 00:20:21,400 --> 00:20:22,880 Look, can you tell me what's happening? 361 00:20:23,080 --> 00:20:24,760 Like, what are they actually asking me? 362 00:20:24,760 --> 00:20:27,240 None of this stuff about Henry's character was in any of the briefings. 363 00:20:27,240 --> 00:20:28,520 Well, did you know about any of this? 364 00:20:28,520 --> 00:20:30,080 No, I don't know what she's talking about. 365 00:20:30,240 --> 00:20:31,120 Like, I really don't know. 366 00:20:31,120 --> 00:20:33,160 They're giving you an open goal to hurt him. 367 00:20:33,280 --> 00:20:36,720 These allegations could shift the attention from Pierpoint to Henry. 368 00:20:37,360 --> 00:20:38,360 So... 369 00:20:39,960 --> 00:20:41,560 go for it. Hurt him. 370 00:20:45,760 --> 00:20:46,760 He's here. 371 00:20:48,560 --> 00:20:50,080 Are you a predator, Mr. Muck? 372 00:20:50,080 --> 00:20:51,800 Henry, you said you'd be here. 373 00:20:51,800 --> 00:20:53,560 How much did you make, Mr. Muck? 374 00:20:53,560 --> 00:20:55,080 Do you feel guilty, Mr. Muck? 375 00:20:59,160 --> 00:21:00,400 What happened with Caedi? 376 00:21:00,400 --> 00:21:02,000 It is not relevant. 377 00:21:02,160 --> 00:21:03,800 Then why are they pinning me to the wall 378 00:21:03,800 --> 00:21:05,280 for the fact that you fuck your employees? 379 00:21:05,400 --> 00:21:07,200 Mate, lower your voice. 380 00:21:08,320 --> 00:21:09,800 You don't know what you're talking about. 381 00:21:09,800 --> 00:21:11,640 None of it is pertinent to why we are here. 382 00:21:11,640 --> 00:21:13,920 No, it's pertinent because you use your power 383 00:21:13,920 --> 00:21:17,600 to get your dick wet and somehow my job now is to answer for it. 384 00:21:17,600 --> 00:21:19,360 Listen to me. Look at me. 385 00:21:23,080 --> 00:21:24,240 You have to believe me. 386 00:21:24,960 --> 00:21:25,840 All right? 387 00:21:25,840 --> 00:21:27,600 This isn't anything. 388 00:21:28,440 --> 00:21:30,160 It's a whole load of nothing. 389 00:21:30,160 --> 00:21:33,280 It's not going to go anywhere because there's nothing there. 390 00:21:41,080 --> 00:21:45,000 Mr. Spearing, a former Lumi employee 391 00:21:45,000 --> 00:21:48,280 that I've had close contact with, attests that she was, 392 00:21:48,720 --> 00:21:51,480 quote, "relentlessly and romantically 393 00:21:51,480 --> 00:21:53,400 pursued by Henry Muck." 394 00:21:54,160 --> 00:21:57,320 He bought her clothes and then offered her a position of power 395 00:21:57,320 --> 00:21:59,400 in exchange for inappropriate relations. 396 00:21:59,400 --> 00:22:03,280 The employee was then flown out to the UN climate conference, 397 00:22:03,280 --> 00:22:05,600 which you attended with Mr. Muck. 398 00:22:06,320 --> 00:22:09,520 And this employee was then, quote, "frozen out." 399 00:22:10,080 --> 00:22:11,800 Mr. Spearing, do you believe this statement? 400 00:22:11,800 --> 00:22:13,520 Do you believe this woman? 401 00:22:13,520 --> 00:22:14,520 Spearing... 402 00:22:14,520 --> 00:22:16,520 I'd like to speak to my barrister privately, please. 403 00:22:17,160 --> 00:22:19,840 Mr. Spearing, are you aware that Henry is now 404 00:22:20,120 --> 00:22:23,960 in a relationship with a Pierpoint employee? 405 00:22:25,360 --> 00:22:28,360 I'm sure that would be of great interest to the regulators. 406 00:22:32,880 --> 00:22:34,080 I refer to my statement. 407 00:22:40,040 --> 00:22:41,080 Oh, fuck. 408 00:22:41,880 --> 00:22:46,040 We can dress this up as an information gathering exercise, 409 00:22:46,040 --> 00:22:48,880 but ultimately, we're here to assign blame. 410 00:22:50,160 --> 00:22:51,280 I wanna be honest. 411 00:22:52,800 --> 00:22:56,000 I have to face up to my own culpability, and... 412 00:22:57,120 --> 00:22:58,760 this is the most humble day of my life. 413 00:23:00,080 --> 00:23:02,640 I think the most important thing 414 00:23:02,640 --> 00:23:05,200 is to be vulnerable in front of you right now. 415 00:23:05,640 --> 00:23:09,440 I, uh, like you, believed I was engaged 416 00:23:09,440 --> 00:23:11,320 in a public service. 417 00:23:11,720 --> 00:23:13,760 Our mission was to disrupt 418 00:23:13,760 --> 00:23:17,400 a stagnant and monopolistic industry, 419 00:23:17,400 --> 00:23:18,840 and the little guy failed. 420 00:23:19,520 --> 00:23:21,440 Yeah, we-- we overshot. 421 00:23:22,880 --> 00:23:26,040 I assure you, the animating spirit 422 00:23:26,040 --> 00:23:28,960 that caused us to overshoot 423 00:23:29,240 --> 00:23:32,280 is the same one that made us feel that we were doing good for the country. 424 00:23:32,280 --> 00:23:35,200 And your failure to model for a correction in natural gas prices? 425 00:23:36,200 --> 00:23:38,960 Your unsustainably low introductory price point? 426 00:23:39,240 --> 00:23:43,080 Less than five percent of your so-called "green power" 427 00:23:43,080 --> 00:23:45,400 was from renewable energy sources. 428 00:23:45,680 --> 00:23:47,360 You've "greenwashed" your credentials. 429 00:23:47,360 --> 00:23:49,800 The only thing I'm guilty of is optimism. 430 00:23:50,920 --> 00:23:54,200 Now, I am happy to answer any questions about my business, 431 00:23:54,560 --> 00:23:57,000 and I will swiftly and judiciously 432 00:23:57,000 --> 00:24:00,840 respond to any contentions about my private life, 433 00:24:00,840 --> 00:24:03,360 privately, out of respect for those who raise them. 434 00:24:07,360 --> 00:24:10,120 I won't let this story be just another bailout 435 00:24:10,240 --> 00:24:13,400 consigned to the dustbin of history by the relentless pursuit of capital. 436 00:24:13,680 --> 00:24:15,800 What about the 145 million pounds in stock 437 00:24:15,800 --> 00:24:18,520 you sold before Lumi went into emergency government control? 438 00:24:18,520 --> 00:24:21,440 How much of that have you paid in restitution to your victims? 439 00:24:21,440 --> 00:24:23,840 This should have been a criminal investigation from the outset. 440 00:24:23,840 --> 00:24:25,720 You should serve prison time for what you've done. 441 00:24:25,840 --> 00:24:27,360 You are a mercenary. 442 00:24:27,360 --> 00:24:30,680 Well, unlike you, I don't take pleasure in the suffering of others. 443 00:24:35,520 --> 00:24:38,200 Yeah, and in terms of the, um, 444 00:24:38,760 --> 00:24:42,840 the valuation and the, uh, the overheated, uh... 445 00:24:43,480 --> 00:24:46,640 excitement around the... the IPO, 446 00:24:46,640 --> 00:24:48,800 well, that would lay at the feet of our bankers. 447 00:24:49,560 --> 00:24:52,520 Now, you keep using the word predatory. 448 00:24:52,520 --> 00:24:55,240 If there is a predatory side to capitalism, 449 00:24:55,240 --> 00:24:57,320 they are on it, we are not. 450 00:24:58,240 --> 00:24:59,920 What a slippery shit. 451 00:25:04,400 --> 00:25:07,400 I hope this is worth it? Just to see your old office? 452 00:25:08,600 --> 00:25:10,880 I genuinely think that it could be useful. 453 00:25:11,920 --> 00:25:13,360 Door opening. 454 00:25:14,320 --> 00:25:16,240 I'm just gonna pee, but I'll catch up with you. 455 00:25:16,240 --> 00:25:17,960 Okay, I'll see you in the meeting room. 456 00:25:18,840 --> 00:25:20,080 Door closing. 457 00:25:39,240 --> 00:25:40,160 What's going on? 458 00:25:40,160 --> 00:25:41,320 I just... 459 00:25:43,040 --> 00:25:44,840 I think I really fucked it up with Eric. 460 00:25:45,920 --> 00:25:47,720 Oh, don't worry about him. 461 00:25:48,320 --> 00:25:50,920 Why don't you sit in on this meeting with Harper and Petra? 462 00:25:51,440 --> 00:25:53,240 Eric's allergic to Harper. 463 00:25:54,480 --> 00:25:57,560 Trust me, your tears are wasted in here. 464 00:25:59,360 --> 00:26:00,440 What happened? 465 00:26:03,240 --> 00:26:04,760 Well, that's kind of sensitive. 466 00:26:05,600 --> 00:26:08,160 And I... I don't-- I don't really know if there's anything to it. 467 00:26:08,160 --> 00:26:11,400 Okay, well, don't say anything that's gonna get us into trouble. 468 00:26:14,000 --> 00:26:16,520 There was this Euro Swaps kid who once spoke 469 00:26:16,520 --> 00:26:18,720 about the fact that he spent his entire signing-on bonus 470 00:26:18,720 --> 00:26:21,720 on Pornhub Premium and Oliver Peoples glasses 471 00:26:21,720 --> 00:26:23,400 - in a lift with an MD. - All right. 472 00:26:23,400 --> 00:26:24,480 He got sacked. 473 00:26:25,400 --> 00:26:26,800 You never know who's listening. 474 00:26:35,600 --> 00:26:40,120 Okay, so, um... I outlined this hypothesis. 475 00:26:41,280 --> 00:26:44,600 Eric shot it down pretty viciously, but I think... 476 00:26:45,240 --> 00:26:47,080 Pierpoint Asset Management might have 477 00:26:47,480 --> 00:26:50,840 taken an outsize prop bet as part of our ESG pivot, 478 00:26:50,840 --> 00:26:54,160 funded by debt that is about to reach maturity. 479 00:26:54,880 --> 00:26:57,440 It's a balance sheet motherload. 480 00:26:59,360 --> 00:27:00,280 Okay. 481 00:27:04,920 --> 00:27:05,920 Honestly... 482 00:27:06,840 --> 00:27:10,520 I think this is way above our pay grades. 483 00:27:12,560 --> 00:27:16,280 Look, I have a lot going on today, okay? 484 00:27:16,280 --> 00:27:18,280 But just don't let the geezers get you down. 485 00:27:18,960 --> 00:27:19,960 Right? 486 00:27:20,520 --> 00:27:22,240 I'm gonna go for a piss now, okay? 487 00:27:22,240 --> 00:27:23,560 But you're good. 488 00:27:55,200 --> 00:27:57,400 It was a stroke of genius. I think you did brilliantly. 489 00:27:57,920 --> 00:27:59,600 Look, I'm getting a lot of heat about Henry 490 00:27:59,600 --> 00:28:01,920 and the possibility of criminal proceedings. 491 00:28:01,920 --> 00:28:03,680 We can't be associated with that. 492 00:28:03,920 --> 00:28:05,080 What, I can, can I? 493 00:28:06,400 --> 00:28:07,680 You need a fucking scapegoat. 494 00:28:08,280 --> 00:28:09,320 Why fuck me? 495 00:28:09,320 --> 00:28:10,960 Why did you choose to fuck me? 496 00:28:10,960 --> 00:28:12,720 Because you're fuckable, Robert, all right? 497 00:28:14,080 --> 00:28:17,720 I'm sorry. From a company level, you're fuckable. 498 00:28:18,800 --> 00:28:20,160 Don't... Don't look at me. 499 00:28:21,080 --> 00:28:22,760 Eric said you were expendable. 500 00:28:38,520 --> 00:28:42,400 Hey. Hey, Rob, Rob, breathe, breathe. 501 00:28:42,640 --> 00:28:43,640 It's Eric. 502 00:28:44,400 --> 00:28:47,040 It's fucking-- It's Pierpoint. 503 00:28:48,400 --> 00:28:49,800 They've hung me out to dry, Yas. 504 00:28:50,520 --> 00:28:51,640 They're gonna fire me. 505 00:28:53,160 --> 00:28:56,120 Maybe don't question the jailer when he hands you the keys, you know? 506 00:28:57,520 --> 00:28:59,360 Getting away from all these people, 507 00:29:00,200 --> 00:29:01,800 is that such a bad thing? 508 00:29:16,400 --> 00:29:17,920 And from the very first instance, 509 00:29:17,920 --> 00:29:19,840 I would contend that Lumi was far too 510 00:29:19,840 --> 00:29:21,800 closely enmeshed with government. 511 00:29:21,800 --> 00:29:24,520 We believed Lumi could be a beacon 512 00:29:25,040 --> 00:29:27,200 for what the British tech and energy sectors 513 00:29:27,200 --> 00:29:28,240 were capable of. 514 00:29:28,240 --> 00:29:30,640 You were very quick to ratify a bailout. 515 00:29:31,520 --> 00:29:35,120 Was that because you wanted to... soften the landing for a Lumi CEO? 516 00:29:35,920 --> 00:29:39,560 I don't believe in bailouts philosophically, 517 00:29:39,560 --> 00:29:41,160 but it was a moral issue. 518 00:29:42,360 --> 00:29:43,920 Homes were going cold. 519 00:29:46,080 --> 00:29:48,760 In all my dealings with Henry Muck, 520 00:29:48,760 --> 00:29:51,680 I never questioned his integrity. 521 00:29:52,080 --> 00:29:55,880 You're defending a man whose misconduct allegations 522 00:29:55,880 --> 00:29:58,240 seem to be growing exponentially. 523 00:29:58,640 --> 00:30:01,360 I don't think that's what we're here to talk about. 524 00:30:03,080 --> 00:30:05,320 Pierpoint ended up as Lumi's lead underwriter. 525 00:30:07,200 --> 00:30:09,920 Did that have anything to do with the fact that you started your career there? 526 00:30:09,920 --> 00:30:12,760 Does the fact that you started your career 527 00:30:12,760 --> 00:30:15,440 at the energy regulator Ofgem, 528 00:30:15,440 --> 00:30:17,720 have anything to do with the lack of supervision 529 00:30:17,720 --> 00:30:19,080 over Lumi's finances? 530 00:30:19,080 --> 00:30:20,040 I don't follow. 531 00:30:20,040 --> 00:30:21,280 What's that got to do with anything? 532 00:30:21,280 --> 00:30:22,800 My point exactly. 533 00:30:23,600 --> 00:30:24,760 It's a coincidence. 534 00:30:24,760 --> 00:30:26,440 Okay, so it's not Lumi's fault, 535 00:30:26,440 --> 00:30:28,320 and I assume you're here to ensure 536 00:30:28,320 --> 00:30:30,440 that it's not the government's fault, so... 537 00:30:31,160 --> 00:30:32,840 Secretary of State, whose fault is it? 538 00:30:35,640 --> 00:30:37,320 My department dropped the ball 539 00:30:38,200 --> 00:30:42,000 and therefore the responsibility is mine and mine only. 540 00:30:43,760 --> 00:30:48,280 The goalposts over what's acceptable in public life 541 00:30:48,280 --> 00:30:51,160 have shifted over the last half-decade 542 00:30:51,680 --> 00:30:54,280 due in part to my party's leadership. 543 00:30:54,600 --> 00:30:58,440 Scandal has become such an iterative process for us 544 00:30:58,440 --> 00:31:00,680 that it has ceased to become scandal. 545 00:31:00,920 --> 00:31:03,720 But I am here to prove to you 546 00:31:04,440 --> 00:31:05,480 and the public, 547 00:31:06,000 --> 00:31:09,840 that I still believe in accountability in politics. 548 00:31:12,000 --> 00:31:15,160 Which is why I've come from Number Ten, 549 00:31:15,880 --> 00:31:18,680 where I tendered my resignation to the Prime Minister. 550 00:31:22,360 --> 00:31:25,000 You have no idea how lucky we just got. 551 00:31:25,680 --> 00:31:27,480 She just made the government the story. 552 00:31:29,160 --> 00:31:30,880 What are you talking about how lucky "we" got? 553 00:31:32,520 --> 00:31:33,520 You mean me. 554 00:31:35,760 --> 00:31:40,080 And on the subject of a criminal investigation, 555 00:31:40,520 --> 00:31:43,320 this government welcomes the opportunity 556 00:31:43,560 --> 00:31:47,680 to engage the Attorney General and the Serious Fraud Office 557 00:31:48,200 --> 00:31:51,000 to mete out justice where appropriate. 558 00:32:05,920 --> 00:32:09,200 How did the Prime Minister take your resignation as Secretary of State? 559 00:32:10,560 --> 00:32:11,640 Now, back off. 560 00:32:15,440 --> 00:32:19,520 If I knew they were gonna use Caedi like that, or she felt like this, 561 00:32:19,880 --> 00:32:22,000 I would have reached out to her. It was traumatic. 562 00:32:24,880 --> 00:32:26,680 And I didn't buy her any clothes, by the way. 563 00:32:26,680 --> 00:32:28,600 I let her use my Net-A-Porter discount once. 564 00:32:28,600 --> 00:32:29,720 Are you not worried... 565 00:32:30,640 --> 00:32:31,640 about the... 566 00:32:32,360 --> 00:32:34,480 the criminal implications that Dearn raised. 567 00:32:34,680 --> 00:32:35,880 You sat through that shit show. 568 00:32:35,880 --> 00:32:37,720 Wouldn't you say blame is complicated? 569 00:32:38,840 --> 00:32:42,040 It lies with me, my board, my bankers... 570 00:32:43,560 --> 00:32:44,560 and the government. 571 00:32:44,560 --> 00:32:47,120 But people want a single reductive certainty. 572 00:32:48,800 --> 00:32:50,200 Let me buy you an early dinner. 573 00:32:51,240 --> 00:32:53,080 There's some friends of ours I want you to meet. 574 00:32:54,440 --> 00:32:56,040 All's fair in love and war, right? 575 00:33:05,360 --> 00:33:07,520 Give us our money back, wanker! 576 00:33:09,640 --> 00:33:14,400 Some pre-prandial martinis to lube up the conversation. 577 00:33:14,400 --> 00:33:17,200 Two? Three? Oh, and a glass of Ruinart 578 00:33:17,200 --> 00:33:18,760 for our absent guest. 579 00:33:19,720 --> 00:33:21,120 Wait, is someone else joining us? 580 00:33:21,400 --> 00:33:22,760 Just a Perrier for me. 581 00:33:23,800 --> 00:33:25,760 I thought Dearn was a little unsophisticated 582 00:33:25,760 --> 00:33:27,440 how she went for the jugular in there. 583 00:33:27,880 --> 00:33:30,160 I had a similar grilling from our current Foreign Secretary 584 00:33:30,160 --> 00:33:31,640 during the Leveson inquiry. 585 00:33:31,640 --> 00:33:33,760 He's in your pocket now, isn't he, Nortie? 586 00:33:33,760 --> 00:33:35,920 You did hack Hugh Grant's phone, no? 587 00:33:36,200 --> 00:33:37,320 I'm not rising to that. 588 00:33:39,000 --> 00:33:42,920 It takes a certain person to not wilt under those lights. 589 00:33:44,120 --> 00:33:45,120 You did well. 590 00:33:45,560 --> 00:33:47,480 Yeah, your friend Harper realized 591 00:33:47,480 --> 00:33:50,840 the sell-side is where the fertile minds go to die. 592 00:33:50,840 --> 00:33:53,040 She's doing rather well with my money. 593 00:33:53,040 --> 00:33:55,640 It's time for you to have the same realization, Rob. 594 00:33:56,480 --> 00:34:00,200 Well, if it isn't our future Prime Minister. 595 00:34:02,360 --> 00:34:03,520 Fuck me! 596 00:34:09,280 --> 00:34:10,280 Well done in there. 597 00:34:11,400 --> 00:34:15,400 This is purportedly the worst day of my career. 598 00:34:15,680 --> 00:34:18,760 I've just had to let my entire private office go. 599 00:34:20,160 --> 00:34:21,560 Where's Blanc de Blancs? 600 00:34:21,800 --> 00:34:23,320 Oh, as if by magic. 601 00:34:24,360 --> 00:34:26,240 Just giving a nod to James and the news team 602 00:34:26,240 --> 00:34:27,480 on tomorrow's headline. 603 00:34:27,960 --> 00:34:32,160 Aurore, do you prefer "Third Way" or "New Hope" for the sub? 604 00:34:32,160 --> 00:34:33,560 You know best, Alexander. 605 00:34:33,960 --> 00:34:35,440 After that disastrous budget, 606 00:34:35,440 --> 00:34:36,960 they had to put a centrist in as Chancellor, 607 00:34:37,280 --> 00:34:39,120 but we'll have him out by the election. 608 00:34:40,200 --> 00:34:41,880 The job's yours to lose. 609 00:34:41,880 --> 00:34:45,240 What about the, um-- Well, the criminal proceedings? 610 00:34:46,600 --> 00:34:48,440 I had a word with the Attorney General. 611 00:34:49,080 --> 00:34:50,480 It's in his in-tray. 612 00:34:51,240 --> 00:34:52,240 He'll look at it, 613 00:34:52,880 --> 00:34:54,840 then it'll be in someone else's in-tray. 614 00:34:56,160 --> 00:34:58,160 Oh, and if the press come knocking, 615 00:34:58,160 --> 00:35:00,280 ask something that'll use up oxygen, 616 00:35:00,280 --> 00:35:03,760 like, um, can a woman have a penis? 617 00:35:03,760 --> 00:35:04,920 Oh, dear. 618 00:35:06,880 --> 00:35:09,080 Well, looks like my uncle made some promises. 619 00:35:09,080 --> 00:35:10,640 Good to have him in your favor. 620 00:35:11,680 --> 00:35:15,560 I am surprised you are such a bad bullshitter. 621 00:35:15,560 --> 00:35:17,600 Isn't that what the Oxford tutorial system 622 00:35:17,600 --> 00:35:18,800 is meant to teach us? 623 00:35:21,520 --> 00:35:23,320 We should have a toast, shouldn't we? 624 00:35:23,320 --> 00:35:25,040 Um, to England? 625 00:35:26,200 --> 00:35:30,080 No, uh, to, uh-- Well, to friends. 626 00:35:30,840 --> 00:35:33,440 Old and, uh, new. 627 00:35:34,480 --> 00:35:36,640 - To friends, old and new. - Friends... 628 00:35:36,640 --> 00:35:37,960 To friends, old and new. 629 00:35:41,040 --> 00:35:42,120 Cheers. 630 00:35:47,000 --> 00:35:48,480 It's a shame that the, uh... 631 00:35:49,040 --> 00:35:51,000 the heart palpitations you get off shit gear 632 00:35:51,000 --> 00:35:52,600 don't count as cardio. 633 00:35:56,600 --> 00:35:57,760 Did you, uh... 634 00:35:58,160 --> 00:36:02,680 did you ever, you know, get with Yasmin? 635 00:36:04,080 --> 00:36:05,080 No. 636 00:36:05,960 --> 00:36:07,200 Although she did once... 637 00:36:08,960 --> 00:36:10,840 make me eat my own ejaculate off a mirror. 638 00:36:15,520 --> 00:36:17,560 I've invited her to join us later. 639 00:36:17,560 --> 00:36:22,040 And while... I'm not a... I'm not a sexually jealous man, 640 00:36:22,440 --> 00:36:24,480 I just don't want it to be awkward, you know. 641 00:36:25,080 --> 00:36:26,120 We're just friends. 642 00:36:29,520 --> 00:36:30,640 She's a very good friend. 643 00:36:31,160 --> 00:36:32,480 I think she might be it. 644 00:36:34,040 --> 00:36:36,040 The bullet to take me out of the Great War. 645 00:36:36,040 --> 00:36:37,000 What? 646 00:36:37,000 --> 00:36:39,040 Oh, for fuck's sake. I think I'm in love with her. 647 00:36:40,760 --> 00:36:42,200 Well, you shouldn't tell her that. 648 00:36:44,080 --> 00:36:46,520 She's not in the emotional headspace to hear things like that. 649 00:36:49,160 --> 00:36:50,120 So, you do love her. 650 00:36:54,400 --> 00:36:56,280 That now ex-cabinet minister 651 00:36:56,280 --> 00:36:58,520 really took the heat for us in there today. 652 00:36:58,880 --> 00:37:00,560 Sorry I left you high and dry. 653 00:37:01,360 --> 00:37:02,800 Senior management-- help yourself-- 654 00:37:02,800 --> 00:37:05,440 have had their eye on who's gonna sail us through this squall. 655 00:37:06,080 --> 00:37:09,000 Is it premature to toast your ascension to the top job? 656 00:37:11,280 --> 00:37:12,920 They're making you CEO, right? 657 00:37:14,840 --> 00:37:15,880 Please. 658 00:37:16,280 --> 00:37:18,280 I'm honored you think they'd even finger me for that. 659 00:37:18,280 --> 00:37:22,280 No, I have it on semi-good authority it's gonna be Tom Wolsey. 660 00:37:22,920 --> 00:37:24,440 You're fucking kidding me. 661 00:37:24,440 --> 00:37:26,520 The ex-Bain turnaround guy? 662 00:37:26,520 --> 00:37:28,320 He's-- He's a kid. 663 00:37:28,320 --> 00:37:30,920 I think if he's announced, it tells us the story. 664 00:37:31,440 --> 00:37:33,760 - He's gonna gut us? - Is that a question? 665 00:37:35,880 --> 00:37:36,960 Between us... 666 00:37:37,760 --> 00:37:39,600 I think Wilhelmina was part of the soft pressure 667 00:37:39,600 --> 00:37:40,760 behind Lindsay's retirement. 668 00:37:40,760 --> 00:37:42,720 She's gonna do everything she can to pass the buck 669 00:37:42,720 --> 00:37:44,840 about the ESG disaster in front of Wolsey. 670 00:37:45,880 --> 00:37:47,040 The grad was right. 671 00:37:47,440 --> 00:37:49,720 Not even a forensic accountant could read our balance sheet. 672 00:37:49,720 --> 00:37:50,800 It's too unwieldy. 673 00:37:51,120 --> 00:37:53,720 What I can tell you is we're not safe from a plummeting share price. 674 00:37:53,720 --> 00:37:55,040 We're not safe from panic. 675 00:37:57,920 --> 00:38:00,840 Epstein's island was a naff Mustique. 676 00:38:04,360 --> 00:38:05,800 - Stop! - You won't find the Muck name 677 00:38:05,800 --> 00:38:07,920 - on the flight manifesto. - Don't. 678 00:38:09,160 --> 00:38:11,640 Yeah, I heard he was Mossad agent-- 679 00:38:11,640 --> 00:38:14,240 - I need talk to you. - Oh, in a bit, in a bit, in a bit. 680 00:38:14,240 --> 00:38:16,120 Henry, we need to talk about this girl. 681 00:38:16,120 --> 00:38:17,760 Oh, it was nothing, Yas. 682 00:38:17,760 --> 00:38:19,040 It was fucking nothing. 683 00:38:19,040 --> 00:38:20,200 You're high, Henry. 684 00:38:20,200 --> 00:38:22,520 Why do you get yourself into these fucking situations? 685 00:38:22,520 --> 00:38:24,720 - Yeah, I know, I know, I know. - No! No! 686 00:38:24,720 --> 00:38:26,480 It's an abuse of power, Henry. 687 00:38:26,480 --> 00:38:28,480 Fuck, everything's an abuse of power 688 00:38:28,480 --> 00:38:31,640 with me in relationships, Yas. I can only fuck down. 689 00:38:32,320 --> 00:38:34,440 Who can I fuck that's higher status? 690 00:38:35,360 --> 00:38:37,600 Uh, Hillary Clinton, Kamala Harris? 691 00:38:37,600 --> 00:38:39,240 Not my tempo, babe. 692 00:38:39,240 --> 00:38:40,560 I love a café au lait. 693 00:38:42,240 --> 00:38:43,200 Obviously... 694 00:38:43,560 --> 00:38:46,280 Obviously, I'm joking, I'm joking. 695 00:38:46,280 --> 00:38:47,760 For fuck's sake, Yas. 696 00:38:48,960 --> 00:38:50,800 You know, I'm with you now. 697 00:38:52,080 --> 00:38:53,200 I'm with you. 698 00:38:54,400 --> 00:38:55,880 Yeah? You're everything. 699 00:38:56,640 --> 00:38:58,640 You're fucking everything. 700 00:38:59,440 --> 00:39:00,840 - Stop. - No, no, listen to me. 701 00:39:01,160 --> 00:39:03,720 I love how vulnerable you make me feel. 702 00:39:04,880 --> 00:39:05,760 Yeah? 703 00:39:05,760 --> 00:39:08,000 - I loved this morning. - Okay. 704 00:39:08,000 --> 00:39:09,440 You know, that was a holy moment. 705 00:39:09,440 --> 00:39:10,920 When we were that vulnerable with each other... 706 00:39:10,920 --> 00:39:12,520 - Okay, I-- - ...when you pissed on me. 707 00:39:13,200 --> 00:39:16,120 You got another girl to piss on you? 708 00:39:19,120 --> 00:39:20,760 Lick it up off the fucking floor. 709 00:39:21,720 --> 00:39:23,080 - Hey, Yas. - No, not right now. 710 00:39:23,080 --> 00:39:25,240 Oh, I always liked her. 711 00:39:27,720 --> 00:39:30,240 Hey, hey, hey, hey, hey, hey, hey, hey, hey, come on. 712 00:39:36,680 --> 00:39:38,400 Let's give it a good fucking nudge. 713 00:39:40,880 --> 00:39:42,800 Did you know anything about this Lumi girl? 714 00:39:43,200 --> 00:39:45,400 - No. - Like, what am I doing 715 00:39:45,400 --> 00:39:46,960 involving myself with someone like him? 716 00:39:46,960 --> 00:39:49,240 Like, what is actually wrong with me? 717 00:39:49,240 --> 00:39:50,400 There's nothing wrong with you. 718 00:39:50,400 --> 00:39:52,000 So many fucked up fucking issues. 719 00:39:52,000 --> 00:39:53,800 I surround myself with these men. 720 00:39:54,520 --> 00:39:56,360 Like-- And I want them to want me. 721 00:39:56,360 --> 00:39:57,760 Why? I don't... 722 00:39:59,440 --> 00:40:03,160 I even... wanted... my dad to like me. 723 00:40:03,160 --> 00:40:04,400 Yeah, but you know, 724 00:40:04,960 --> 00:40:07,400 there's nothing wrong with wanting your dad to like you. 725 00:40:08,120 --> 00:40:10,800 God, I spent years trying to get my mom's approval. 726 00:40:11,360 --> 00:40:12,600 Have you tried Bacchanalia yet? 727 00:40:12,600 --> 00:40:16,000 I mean, you know, presentationally. 728 00:40:16,000 --> 00:40:18,560 Got some god-awful Damien Hirst in there. 729 00:40:21,200 --> 00:40:22,880 Can't you just fall in love with me? 730 00:40:25,240 --> 00:40:27,240 It would make everything so much easier. 731 00:40:35,640 --> 00:40:37,040 Where we going tonight? 732 00:40:37,280 --> 00:40:39,240 Thinkin' around Maison Estelle, 733 00:40:39,720 --> 00:40:40,720 - Koko... - Hello? 734 00:40:40,720 --> 00:40:41,920 Yas, it's Denise. 735 00:40:41,920 --> 00:40:43,560 Uh, are you somewhere private? 736 00:40:44,040 --> 00:40:45,320 Is everything okay? 737 00:40:45,320 --> 00:40:46,760 Are you somewhere private? 738 00:40:48,160 --> 00:40:49,160 What's wrong? 739 00:40:49,160 --> 00:40:51,880 Okay, um, I'd rather not do this over the phone, 740 00:40:51,880 --> 00:40:54,520 but I thought speed was quite important, 741 00:40:54,520 --> 00:40:56,120 given how quickly it might get out. 742 00:40:57,120 --> 00:41:00,120 Um, they found a body. 743 00:41:01,440 --> 00:41:03,480 It's, uh, it's most likely your father. 744 00:41:05,920 --> 00:41:08,280 Yas, do you-- do you need me to come to you? 745 00:41:08,800 --> 00:41:10,560 - I'm gonna... - Yas... 746 00:41:10,560 --> 00:41:13,200 I'll... I'll... I'll call you later. 747 00:41:15,920 --> 00:41:18,520 Have you seen those fucking mugs queueing outside Greek Street? 748 00:41:18,520 --> 00:41:20,280 It's like a fucking labor exchange? 749 00:41:27,720 --> 00:41:29,160 Sorry, I can't, I can't. 750 00:41:35,600 --> 00:41:37,320 Come on, fucking hell... 751 00:41:37,840 --> 00:41:39,360 Fucking get in there. 752 00:41:47,120 --> 00:41:48,720 I've got a surprise for later. 753 00:41:49,960 --> 00:41:51,680 Whoa, easy, easy, easy, easy. 754 00:41:51,680 --> 00:41:53,520 I'm taking you somewhere special. 755 00:41:53,520 --> 00:41:55,600 This is dark web coke. None of your speed shit. 756 00:41:55,600 --> 00:41:56,800 Shit got real. 757 00:41:57,040 --> 00:41:57,960 Right. 758 00:41:59,520 --> 00:42:01,560 So... 759 00:42:03,320 --> 00:42:05,200 I wanted to bring you here to tell you privately. 760 00:42:06,760 --> 00:42:08,440 I've been living with a medulloblastoma 761 00:42:08,440 --> 00:42:09,680 in my left temporal lobe. 762 00:42:11,240 --> 00:42:13,120 Rare in adults and inoperable. 763 00:42:13,600 --> 00:42:14,480 Can you believe it? 764 00:42:14,480 --> 00:42:17,520 I was repeating myself a lot, so I got it checked out. 765 00:42:18,280 --> 00:42:19,960 What's the prognosis? 766 00:42:19,960 --> 00:42:22,600 Oh, years, no doubt. Modern medicine. 767 00:42:23,280 --> 00:42:24,280 Years. 768 00:42:26,280 --> 00:42:27,800 Why are you looking at me like that? 769 00:42:28,360 --> 00:42:29,520 You think I'm in denial? 770 00:42:30,600 --> 00:42:32,680 No, not at all. I'm just... 771 00:42:34,280 --> 00:42:37,680 thinking about how I always admired your hair. 772 00:42:39,320 --> 00:42:40,520 It ain't budged. 773 00:42:43,400 --> 00:42:45,600 Yeah, I decided chemo wasn't practical. 774 00:42:46,960 --> 00:42:47,840 What a life, eh? 775 00:42:47,840 --> 00:42:51,200 You bet death against your vanity and your vanity still wins. 776 00:42:55,320 --> 00:42:57,120 Yeah, I didn't want people in the office thinking 777 00:42:57,120 --> 00:42:58,680 I was in any way incapacitated. 778 00:42:58,680 --> 00:43:01,560 So, I, uh, flew to this clinic in Switzerland. 779 00:43:01,560 --> 00:43:03,720 They're trialing a DCVax treatment 780 00:43:03,720 --> 00:43:06,880 where they expose nude mice to the tumor cells 781 00:43:06,880 --> 00:43:08,520 to create a bespoke vaccine. 782 00:43:10,920 --> 00:43:12,760 Cancer's like our business. It's, uh... 783 00:43:14,000 --> 00:43:15,600 It's a country with its own language. 784 00:43:19,000 --> 00:43:20,040 How are your daughters? 785 00:43:20,760 --> 00:43:22,680 I'm fighting for custody. 786 00:43:24,400 --> 00:43:27,800 But Candace is a merciless bitch. 787 00:43:29,840 --> 00:43:30,840 That's why I loved her. 788 00:43:31,320 --> 00:43:32,760 You want the weekends, or the week? 789 00:43:33,240 --> 00:43:37,760 I used to see what my daughters could become and achieve 790 00:43:38,160 --> 00:43:40,480 in every successful young woman I came across. 791 00:43:42,440 --> 00:43:43,320 But now-- 792 00:43:43,320 --> 00:43:46,480 Now you wanna come across every successful young woman? 793 00:43:47,480 --> 00:43:49,640 Mr. Tao, HR are on the line. 794 00:43:50,440 --> 00:43:51,960 I don't know what I feel. 795 00:43:52,920 --> 00:43:55,200 Ooh, disgrace is coming. 796 00:43:55,200 --> 00:43:56,400 Don't expedite it. 797 00:43:58,760 --> 00:44:01,080 Luckily, cancer really does a number on desire. 798 00:44:06,440 --> 00:44:07,480 Hey, hey. 799 00:44:08,800 --> 00:44:10,040 Who are you crying for? 800 00:44:10,920 --> 00:44:12,960 - I hope it's not for me. - Sorry, sorry. 801 00:44:17,600 --> 00:44:18,600 Remember... 802 00:44:19,880 --> 00:44:21,520 we grew up in this bank. 803 00:44:22,480 --> 00:44:23,440 We're lifers. 804 00:44:24,440 --> 00:44:25,880 And I'm happy we made that trade, 805 00:44:25,880 --> 00:44:27,600 but only if we act like we know its soul 806 00:44:27,600 --> 00:44:29,280 and we're prepared to fight for it. 807 00:44:30,040 --> 00:44:32,160 Because the next few weeks are gonna be a fight. 808 00:44:53,080 --> 00:44:54,240 How long was I out for? 809 00:44:55,440 --> 00:44:57,000 I've been thinking about my intentions. 810 00:45:03,600 --> 00:45:05,040 One must think clearly 811 00:45:05,040 --> 00:45:06,760 about what one will ask the medicine. 812 00:45:09,080 --> 00:45:09,960 You can't wear that. 813 00:45:09,960 --> 00:45:11,720 You look like a T.M. Lewin wanker. 814 00:45:25,080 --> 00:45:26,640 Expensive way to get off your tits. 815 00:45:27,360 --> 00:45:28,760 Where the fuck have you dragged me? 816 00:45:28,760 --> 00:45:30,200 Cheap way to meet God though. 817 00:45:32,680 --> 00:45:34,560 - Just sit on the blue blanket for me. - All right. 818 00:45:36,440 --> 00:45:37,840 Just sit on that blanket for me. 819 00:45:40,040 --> 00:45:42,600 I haven’t paid 800 quid to sit in some woods in Kent. 820 00:45:45,160 --> 00:45:46,880 I better fucking figure some shit out. 821 00:45:46,880 --> 00:45:47,960 Hey, dude. 822 00:45:48,760 --> 00:45:49,720 Pierre. 823 00:45:50,160 --> 00:45:52,600 Is this your first journey? This is my third set of cups. 824 00:45:53,680 --> 00:45:55,640 I don't think I'm in the right headspace for this. 825 00:45:55,640 --> 00:45:57,360 Well, you look like you've sobered up a bit. 826 00:45:58,760 --> 00:46:00,920 I told Henry to abstain, but he never listens. 827 00:46:02,840 --> 00:46:04,280 He doesn't respect the medicine. 828 00:46:05,400 --> 00:46:07,360 And remember, the plant finds you when you're ready. 829 00:46:27,240 --> 00:46:28,360 You're here now. 830 00:46:29,960 --> 00:46:31,200 Do you really have a choice? 831 00:46:46,280 --> 00:46:47,440 Diego! 832 00:46:48,240 --> 00:46:49,640 Help me, Diego! 833 00:47:08,360 --> 00:47:09,760 Guíanos... 834 00:47:10,360 --> 00:47:11,560 Ayahuasca. 835 00:47:13,680 --> 00:47:14,720 Ayahuasca. 836 00:47:57,080 --> 00:48:00,080 Shoeshine, shoeshine, shoeshine. 837 00:48:01,040 --> 00:48:04,360 Shoeshine, shoeshine, shoeshine. 838 00:48:05,040 --> 00:48:08,440 Shoeshine, shoeshine, shoeshine. 839 00:48:31,120 --> 00:48:32,160 You're a company-- 840 00:48:32,160 --> 00:48:33,680 You're a company-- You're a company man. 841 00:48:49,680 --> 00:48:51,440 Go on, Mommy's not looking. 842 00:50:09,240 --> 00:50:10,920 She was a tyrant, you know? 843 00:50:12,840 --> 00:50:14,000 You're just like my mother. 844 00:50:14,440 --> 00:50:16,320 She was an unfillable void of need too. 845 00:50:20,000 --> 00:50:21,400 She was very... 846 00:50:23,360 --> 00:50:24,360 present. 847 00:50:29,920 --> 00:50:31,160 She was restless. 848 00:50:31,160 --> 00:50:33,360 Just like you, always in your ear. 849 00:50:34,920 --> 00:50:36,120 She loved you. 850 00:51:18,800 --> 00:51:21,200 We have to find a way to monetize this. 851 00:51:28,000 --> 00:51:29,720 Christ, I'm coming down hard. 852 00:51:31,240 --> 00:51:33,680 I had a very nasty experience in the loo just now. 853 00:51:36,360 --> 00:51:37,520 I saw a monster. 854 00:51:45,600 --> 00:51:46,680 Whatever you do... 855 00:51:50,120 --> 00:51:51,160 don't look in the mirror. 856 00:53:32,720 --> 00:53:33,920 Can I get in with you? 857 00:53:36,640 --> 00:53:37,760 What time is it? 858 00:53:37,760 --> 00:53:38,880 I don't know. 859 00:53:41,280 --> 00:53:42,280 Where have you been? 860 00:53:43,480 --> 00:53:45,320 I ended up in some member's club. 861 00:53:45,640 --> 00:53:47,920 Sat at the bar for a bit, getting fucked up. 862 00:53:49,920 --> 00:53:52,040 Got some guys to buy me about eight Negronis. 863 00:53:52,920 --> 00:53:53,840 And then when they left, 864 00:53:53,840 --> 00:53:56,280 they realized that I wasn't a paying member anymore. 865 00:53:59,480 --> 00:54:00,800 So they asked me to leave. 866 00:54:04,400 --> 00:54:05,480 And I came home. 867 00:54:09,480 --> 00:54:12,000 Sorry I left you with them. 868 00:54:15,240 --> 00:54:16,800 I think I'm gonna sell the house. 869 00:54:19,600 --> 00:54:22,160 How did you afford this place in the first place? 870 00:54:23,000 --> 00:54:24,000 Clement... 871 00:54:26,960 --> 00:54:28,880 He left me half a million quid in his will. 872 00:54:29,920 --> 00:54:32,480 I guess it doesn't really matter where the money comes from. 873 00:54:33,440 --> 00:54:34,400 I think it does. 874 00:54:36,280 --> 00:54:38,200 I think I'm finally beginning to see that. 875 00:54:44,720 --> 00:54:46,800 What am I gonna do if I lose my job? 876 00:54:58,160 --> 00:54:59,440 Henry will look after you. 877 00:55:02,520 --> 00:55:03,720 But he's a cunt. 878 00:55:08,040 --> 00:55:10,320 Yeah, he's your type. 879 00:55:19,480 --> 00:55:20,600 I guess he is. 880 00:55:24,440 --> 00:55:26,200 My fate is predetermined. 881 00:55:27,480 --> 00:55:28,440 Yeah. 882 00:55:34,760 --> 00:55:36,440 You're destined to marry your dad. 883 00:55:51,920 --> 00:55:54,160 That would be impossible 'cause I killed him.