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It's just gone 6.00am.
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The public inquiry
into the government's
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three-month long bail out
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00:00:17,800 --> 00:00:20,000
of green energy start-up Lumi
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is being held today in Westminster.
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Taxpayers are outraged
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by the two-billion-pound bailout.
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It seems fingers are being pointed
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at the Lumi CEO Henry Muck
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at the government
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for bailing out a sinking ship
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and at investment bank Pierpoint
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for overvaluing
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Lumi's initial public offer.
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How's Rob feeling
about the select committee?
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I can't believe they're sending
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someone so junior.
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It's a total dereliction of duty
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on Pierpoint's part.
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Yeah, it's borderline abusive
at this point.
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I don't know why he's doing it.
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Yeah, well,
it doesn't sit well with me.
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I'm gonna make it right.
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Can you do something for me?
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Can you be vulnerable with me
if I'm vulnerable with you?
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Okay.
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Can you relieve yourself on me?
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What...
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what the fuck are you talking about?
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I'm not a pervert.
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It's like an intimacy thing, okay?
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Yeah, I feel like
we've reached the stage
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where I can ask you to do this for me
and not be shamed.
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Okay.
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I mean, I'm not sure that
I can relax, but...
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Just piss and think of England.
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You really want me to do this?
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I'm not a pervert.
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I'm practical.
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This is the one situation
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where I get to control
my helplessness.
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Okay.
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Let me relax.
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Thank you for trusting me.
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Big up! Children's Investment Trust
Charity Day.
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This is your annual chance
to save your souls.
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Remember,
donations are tax deductible
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so it's a fucking win-win
in my opinion.
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Booyakasha!
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People respond emotionally
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before they respond intellectually.
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So, we're gonna go with the blue.
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Tory blue.
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It's more of a royal blue.
It's a sympathetic color.
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And we'd like you to wear
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these glasses.
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- I don't wear glasses.
- They're non-prescription.
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It's very much in your interests
that you stick to this statement.
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If they ask you any awkward questions
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just say, "I refer to my statement."
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Are you Pierpoint's lawyer or mine?
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I'm instructed by Pierpoint,
but you can rest assured that
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to the extent that your interests
and Pierpoint's interests coincide
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I shall be looking after
your interests today.
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With respect,
that's not very encouraging.
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Sorry, what if I flat-out
refuse to do this?
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Rob, a company man would do this.
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You're a company man.
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It's just an information-gathering
exercise.
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The government spent billions
bailing out Lumi
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and the opposition is
pointing fingers.
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But that's not on you.
You're not on trial here.
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Any questions come up
about Henry's integrity
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or indeed Lumi's
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highly risky business strategy
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we don't advise
that you implicate Lumi
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but your silence on these matters
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would be useful in...
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allowing people to draw
their own conclusions...
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Against Lumi, in favor of Pierpoint.
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Henry and Lumi
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will take any opportunity they can
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to throw you under the bus.
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So...
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Lisa Dearn's on that committee.
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The Shadow Energy Secretary?
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She's an up-and-comer.
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- And a fucking Rottweiler.
- Means eyeballs
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and good political capital for her
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but she's gonna grandstand
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play to the gallery.
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What's the narrative gonna be?
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Dearn's gonna paint this
as a big bank
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over-inflating a start-up
into a national utility
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which she believes
should be publicly owned anyway
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only for the taxpayer
to foot the bill
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when it went tits up.
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Off the record,
what do Adler and the higher-ups
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- make of all this?
- They're disowning it.
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Pretending
it's a local UK-centric issue
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that'll be swallowed
by the next news cycle
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but the more we can do
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to lay blame at Lumi's feet,
the better.
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Why didn't we send a tank in?
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Why didn't you go in
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and rip Henry's head off?
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Because after COP
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I'm the very public internal face
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of Lumi's failure.
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I want a new one.
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And so we're not
at cross purposes here.
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Robert's expendable?
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He's a young man...
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early in his career.
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He'll recover.
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The randomizer of the universe
is laughing at us
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as it spits out our bingo card.
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A select committee and the...
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Children's Investment Trust event
on the same day.
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I've already spoken
to the photographer
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about avoiding Yasmin Hanani
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but can you sensitively adios her?
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I don't think that the charity
want the Charles Hanani association
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on their Twitter feed.
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It's endearing you try so hard.
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Nice calves.
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It's for the kids.
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Rishi in the punani... Bo!
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Hey, It's-a-me
generic Italian plumber.
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Okay.
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Rish, can I...
can I have a word, please?
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Sweetpea, you do look
very fetching in your outfit.
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What I wanna know is,
does the carpet match the drapes?
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That's pathetic.
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- I'm not sure it is.
- So...
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Thanks for that.
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Thanks for making such an effort.
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You are welcome.
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This is nice.
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What is it exactly
you're doing on my desk?
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I don't know.
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Call your boss. He'll tell you.
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Yo! What time you on the box, Bob?
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You look like you're due in court
for a racially motivated murder.
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I spoke to Henry, you know
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he says this has got
nothing to do with you.
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He wouldn't lie to me.
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So, you're gonna be fine, okay?
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Yeah.
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That's the exact opposite of
what Eric just told me.
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Yas, can I... can I speak to you
about my rotation project?
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Sorry, I...
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I have to firm up a meeting
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- with LeviathanAlpha.
- Please...
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could you just listen to me,
like, for once?
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I'm bringing this to you
because I do not want you
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to look fucking stupid
as my line manager.
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I'm making a call, Sweetpea.
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- Is it 'cause I is black?
- Hello?
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- Eric, can I... can I talk to you?
- In a little bit.
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I was... I was working
late last night
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on this indicator model.
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Well, it's turned into
more of a risk assessment now.
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Sweetpea, Robert's my focus
this morning, okay?
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Okay, yeah, no, I get that.
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And I'm sorry, I don't...
I don't wanna be too forthright
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but I actually think
this is really important right now.
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So, I'm gonna... I'm gonna wait
in a meeting room over there
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until you come and talk to me.
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Okay?
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Okay.
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We need any...
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We hope you could've
closed up for 80.
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Hey, could you?
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I'm gonna call you back.
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I'll just see you at four. Okay.
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Quick one.
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It might be a good idea
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for you to take a personal day.
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What do you mean? Like a day off?
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Well...
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you want your privacy.
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Yeah, when a fucking pap
is camping out on my cistern
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not when I'm doing my job.
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Eric, the last thing I want
is for any of this shit
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to affect my life in here.
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Can you not throw your toys
out of the pram?
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Don't patronize me, okay?
I'm not one of your daughters.
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I'm just trying to offer you
a little protection
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00:09:12,440 --> 00:09:14,680
from the glare of the spotlight
in a tough time
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that's all.
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I appreciate that.
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But, you know
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I've just gotten off a call
with LeviathanAlpha
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00:09:23,840 --> 00:09:25,000
who, let's be honest
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left us a pretty shitty
quarterly review.
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What a surprise.
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00:09:28,480 --> 00:09:30,320
Harper's power to give us
a bad review
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00:09:30,400 --> 00:09:32,760
must really light up
the pleasure centers in her brain.
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I've just set up a 4.00pm
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00:09:34,800 --> 00:09:36,120
between Harper and Daisy
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00:09:36,200 --> 00:09:37,520
the CIT's new PM.
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She's just moved over from Crux.
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00:09:39,000 --> 00:09:41,560
I have been speaking to her
for weeks.
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00:09:41,640 --> 00:09:43,760
She thinks that Petra and Harper
are cutting edge.
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00:09:43,840 --> 00:09:45,400
You know, I can make this connection.
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00:09:45,480 --> 00:09:47,480
You know we give
the Children's Investment Trust
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00:09:47,560 --> 00:09:50,480
5% of our PNL
on charity day as a gesture
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00:09:50,560 --> 00:09:53,920
which they then end up
reinvesting through us
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00:09:54,200 --> 00:09:55,400
anyway.
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00:09:55,680 --> 00:09:56,800
It's a waste of my time.
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00:09:56,960 --> 00:09:58,800
Well, okay, it's not a waste of mine.
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00:09:59,200 --> 00:10:01,760
We have no idea where Daisy's
gonna end up in a few years.
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00:10:01,840 --> 00:10:03,600
And I'm looking for longevity
in this business.
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00:10:03,680 --> 00:10:05,400
So, I'm going to introduce
Harper and Petra
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00:10:05,480 --> 00:10:07,920
to the Children's Investment Trust
at 4.00pm today.
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00:10:09,280 --> 00:10:10,760
By the way, just so we're clear
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00:10:10,840 --> 00:10:14,400
I certainly don't see you
as my daughter.
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00:10:15,280 --> 00:10:16,480
Okay?
220
00:10:24,160 --> 00:10:26,160
Apologies, I know
this select committee's like a...
221
00:10:26,240 --> 00:10:27,840
it's a big deal, so...
222
00:10:30,960 --> 00:10:33,760
I've just, I've been...
I'm a little freaked out and...
223
00:10:34,600 --> 00:10:36,800
no one here is listening to me, so...
224
00:10:38,120 --> 00:10:41,200
I don't know,
I could be adding two and two
225
00:10:41,280 --> 00:10:42,600
and be getting five.
226
00:10:43,000 --> 00:10:45,320
But I also could be
adding two and two
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00:10:45,400 --> 00:10:46,880
and be getting four.
228
00:10:47,960 --> 00:10:50,080
And four would be like...
229
00:10:50,680 --> 00:10:51,880
really bad.
230
00:10:53,600 --> 00:10:54,800
So, like...
231
00:10:55,040 --> 00:10:56,480
- five minutes, ten minutes?
- Okay.
232
00:10:56,560 --> 00:10:57,560
- Okay.
- Let's start with five.
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00:10:57,640 --> 00:10:58,640
Okay, cool.
234
00:10:58,720 --> 00:11:01,800
So obviously,
there's a trend of IPOs being pulled
235
00:11:01,880 --> 00:11:04,400
and ESG is experiencing a downturn.
236
00:11:04,520 --> 00:11:06,640
Thank you for highlighting that
for me.
237
00:11:07,760 --> 00:11:10,480
So I was speaking to my friend Amir
238
00:11:10,560 --> 00:11:12,080
in Fixed Income, and...
239
00:11:12,240 --> 00:11:15,160
he said that
Pierpoint issued like a fuck ton
240
00:11:15,240 --> 00:11:17,480
of senior secured debt
around five years ago
241
00:11:17,560 --> 00:11:19,640
and it's about to reach maturity
242
00:11:19,760 --> 00:11:22,520
and there's literally no bid for it
anywhere.
243
00:11:23,520 --> 00:11:25,520
So, this...
this capital-raising strategy
244
00:11:25,600 --> 00:11:27,960
coincidentally,
but also perhaps, dangerously
245
00:11:28,040 --> 00:11:30,680
lines up with the timing of
our own ESG pivot.
246
00:11:33,400 --> 00:11:34,760
So, what are you saying?
247
00:11:34,920 --> 00:11:37,920
Look, I could... I could probably
get in a lot of trouble for this.
248
00:11:38,360 --> 00:11:40,320
You know, with, like,
the Chinese walls and everything
249
00:11:40,400 --> 00:11:41,600
but...
250
00:11:42,040 --> 00:11:44,800
my friend Magdelena in Banking
251
00:11:45,080 --> 00:11:47,400
said that every IPO roadshow
that they've done
252
00:11:47,480 --> 00:11:49,640
over the past three months
has gone badly.
253
00:11:49,920 --> 00:11:51,400
No company coming to market
254
00:11:51,480 --> 00:11:53,320
will want Pierpoint
to be its book runner.
255
00:11:54,080 --> 00:11:56,000
And pretty much all of the IPOs
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00:11:56,080 --> 00:11:58,160
that Pierpoint have underwritten
are in limbo
257
00:11:58,240 --> 00:12:00,480
between postponement
and pulling completely.
258
00:12:00,680 --> 00:12:02,880
And the equity
within these prospective companies
259
00:12:02,960 --> 00:12:04,480
is close to zero by now.
260
00:12:04,560 --> 00:12:05,560
No one wants them.
261
00:12:05,640 --> 00:12:07,600
The valuations
have completely collapsed.
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00:12:09,120 --> 00:12:10,120
Go on.
263
00:12:10,200 --> 00:12:12,320
So, this is the... the kicker.
264
00:12:12,880 --> 00:12:15,440
My friend Keval
in Asset Management said
265
00:12:15,520 --> 00:12:17,880
that Pierpoint took equity stakes
266
00:12:17,960 --> 00:12:20,000
to facilitate these deals.
267
00:12:21,520 --> 00:12:24,440
Is it possible
that these prop bets are...
268
00:12:25,000 --> 00:12:26,800
all going to zero?
269
00:12:31,520 --> 00:12:32,720
So...
270
00:12:33,840 --> 00:12:37,880
what you're saying is
two plus two equals fucked?
271
00:12:40,880 --> 00:12:42,720
Well... yeah.
272
00:12:43,560 --> 00:12:44,800
Yeah, yeah.
273
00:12:45,720 --> 00:12:46,920
Okay.
274
00:12:48,480 --> 00:12:49,680
Sweetpea...
275
00:12:49,960 --> 00:12:51,760
this is what we're gonna do
about this.
276
00:12:51,840 --> 00:12:55,640
The way you gleaned this information
277
00:12:56,400 --> 00:12:59,440
is potentially a regulatory issue
278
00:13:00,240 --> 00:13:03,880
a confidentiality issue
279
00:13:04,920 --> 00:13:07,600
and a disciplinary issue.
280
00:13:09,640 --> 00:13:13,960
I think it's best for you
and whoever you concocted
281
00:13:14,040 --> 00:13:16,400
this little conspiracy with
282
00:13:16,640 --> 00:13:18,480
that you all go back to your desks
283
00:13:19,320 --> 00:13:21,640
and do your fucking jobs.
284
00:13:22,960 --> 00:13:24,160
Understood?
285
00:13:28,120 --> 00:13:29,160
Yeah.
286
00:13:30,680 --> 00:13:31,800
Yeah, sorry.
287
00:13:48,080 --> 00:13:50,320
Hey, are you still in the UK?
288
00:13:50,400 --> 00:13:52,320
At City Airport.
Just landed from Switzerland.
289
00:13:52,960 --> 00:13:54,680
Can you... can you come
to the office?
290
00:13:54,760 --> 00:13:56,240
I need to speak to you.
291
00:13:56,600 --> 00:13:58,240
Haven't you got both eyes
on the select committee?
292
00:13:58,320 --> 00:14:00,000
Is this... is this more urgent?
293
00:14:01,840 --> 00:14:03,880
I'll lay it out and you can tell me.
294
00:15:06,960 --> 00:15:08,160
You read the statement
295
00:15:08,240 --> 00:15:10,840
make it clear and concise,
but don't make it interesting.
296
00:15:10,920 --> 00:15:11,920
The more boring the better.
297
00:15:12,000 --> 00:15:13,400
- Understood?
- Yeah, all right.
298
00:15:33,280 --> 00:15:36,240
Our role is to provide
fledgling businesses with capital.
299
00:15:36,320 --> 00:15:37,400
And we remind you
300
00:15:37,480 --> 00:15:39,440
that throughout
bringing Lumi to market
301
00:15:39,640 --> 00:15:42,160
we made good on Pierpoint's
foundational tenet...
302
00:15:42,600 --> 00:15:44,200
Doing business with integrity.
303
00:15:45,840 --> 00:15:47,040
Thank you.
304
00:15:49,560 --> 00:15:50,960
Why are you here?
305
00:15:52,960 --> 00:15:55,400
Actually, let me rephrase that.
Why are we here?
306
00:15:57,760 --> 00:15:59,360
Sorry, I'm not following.
307
00:16:01,880 --> 00:16:03,080
Why are we here?
308
00:16:03,520 --> 00:16:04,720
I was asked to be.
309
00:16:05,560 --> 00:16:06,800
We're here because
310
00:16:07,040 --> 00:16:09,640
your employer overvalued Lumi
311
00:16:10,320 --> 00:16:12,400
which... which provided
an essential service
312
00:16:12,560 --> 00:16:14,720
fanned its untenable
growth trajectory
313
00:16:15,000 --> 00:16:16,640
to the point
where it had to be placed
314
00:16:16,720 --> 00:16:18,920
under Emergency Government Control
315
00:16:19,200 --> 00:16:21,720
and bailed out by the taxpayer
316
00:16:21,920 --> 00:16:24,680
to the tune of two billion pounds.
317
00:16:26,080 --> 00:16:28,160
Do you agree that's why we're here?
318
00:16:28,320 --> 00:16:30,080
I'd like to refer back
to my statement...
319
00:16:30,440 --> 00:16:32,160
- in that...
- I spent my weekend
320
00:16:32,240 --> 00:16:34,320
reading testimony from customers
321
00:16:34,400 --> 00:16:35,920
that Lumi failed
322
00:16:36,240 --> 00:16:38,840
and I'd share them aloud here,
but we'd be here till next week.
323
00:16:39,360 --> 00:16:41,520
I'd implore you
to avail yourself of these
324
00:16:42,640 --> 00:16:44,200
but I fear the human cost
325
00:16:44,280 --> 00:16:46,000
will always be something
of an abstraction
326
00:16:46,080 --> 00:16:47,320
for people in your line of work.
327
00:16:47,400 --> 00:16:49,040
I didn't think I heard a question
328
00:16:49,120 --> 00:16:51,000
in the Shadow Energy Secretary's
statement.
329
00:16:51,080 --> 00:16:53,080
Rather an ad hominem attack.
330
00:16:53,160 --> 00:16:54,600
One statement
331
00:16:54,680 --> 00:16:57,240
from a Lumi employee
332
00:16:57,920 --> 00:16:59,120
called you...
333
00:16:59,680 --> 00:17:02,120
Sir Henry's "whipping boy"?
334
00:17:03,480 --> 00:17:05,280
Is that a fair characterization?
335
00:17:05,960 --> 00:17:07,280
And I'd say you're more
336
00:17:07,800 --> 00:17:08,960
Pierpoint's whipping boy
337
00:17:09,040 --> 00:17:11,800
given that they've sent
someone so junior and...
338
00:17:12,000 --> 00:17:14,320
youthful to face the music for them.
339
00:17:14,640 --> 00:17:16,440
I do find myself
feeling sorry for you.
340
00:17:18,520 --> 00:17:20,440
I work in Equity Capital Markets.
341
00:17:21,280 --> 00:17:23,720
That requires a certain level of time
spent with management.
342
00:17:24,000 --> 00:17:25,600
Sorry, I refer to my statement.
343
00:17:25,680 --> 00:17:28,040
"Time spent with management."
344
00:17:28,240 --> 00:17:30,960
Seems underpowered
for what you really mean.
345
00:17:31,200 --> 00:17:32,600
As, according to statements
346
00:17:32,680 --> 00:17:35,000
from an anonymous Lumi employee
347
00:17:35,160 --> 00:17:38,280
your relationship with Muck was...
348
00:17:38,560 --> 00:17:40,840
and I quote here, "intimate."
349
00:17:40,920 --> 00:17:44,360
I don't understand
how this is relevant to the inquiry.
350
00:17:44,600 --> 00:17:47,520
I think a level of incestuousness
between Pierpoint and Lumi
351
00:17:47,600 --> 00:17:49,880
might be at the crux
352
00:17:50,080 --> 00:17:51,880
of the valuation problem.
353
00:17:52,200 --> 00:17:54,720
I refer again to your use
of the word "integrity."
354
00:17:54,920 --> 00:17:56,640
I wonder if you might actually
make good on that...
355
00:17:57,280 --> 00:17:58,520
platitude.
356
00:17:58,840 --> 00:18:00,920
Would you say that we've established
357
00:18:01,000 --> 00:18:02,880
that you spent enough time
358
00:18:02,960 --> 00:18:04,680
in Muck's orbit
359
00:18:04,760 --> 00:18:07,440
to make a character assessment
of him?
360
00:18:08,880 --> 00:18:10,080
I don't know.
361
00:18:12,680 --> 00:18:14,560
- Probably?
- Then how would you
362
00:18:14,640 --> 00:18:16,440
characterize his relationship
363
00:18:16,520 --> 00:18:18,600
with the young women he worked with?
364
00:18:20,840 --> 00:18:22,680
- I...
- 'Cause I have a...
365
00:18:22,760 --> 00:18:24,480
a source at Lumi
366
00:18:24,560 --> 00:18:26,200
who it is incumbent on me to protect
367
00:18:26,280 --> 00:18:27,800
who's made it very clear
368
00:18:28,240 --> 00:18:30,960
that Muck ran
a predatory environment.
369
00:18:31,240 --> 00:18:33,600
She was indeed a victim
of Muck's predation.
370
00:18:34,360 --> 00:18:36,320
Again, how is this germane
371
00:18:36,400 --> 00:18:38,200
to our purpose here today?
372
00:18:38,280 --> 00:18:41,360
This is the second
and now largest bailout
373
00:18:41,440 --> 00:18:44,240
since the introduction of
the sweeping Energy Bailout Bill.
374
00:18:44,320 --> 00:18:46,960
The British taxpayer has been
forced to bail out a company
375
00:18:47,040 --> 00:18:48,760
created by a force of personality.
376
00:18:48,840 --> 00:18:50,120
They deserve to know what...
377
00:18:50,280 --> 00:18:52,520
kind of personality
they're footing the bill for.
378
00:18:52,600 --> 00:18:54,840
Sorry, Chair. I need to...
379
00:18:55,480 --> 00:18:56,480
Sorry...
380
00:18:56,560 --> 00:18:57,960
can I go to the toilet, please?
381
00:18:58,520 --> 00:19:00,280
Let's reconvene in 20 minutes.
382
00:19:01,120 --> 00:19:02,360
Keep it together.
383
00:19:07,400 --> 00:19:10,160
Who is the Arab kid on my desk
by the way?
384
00:19:10,680 --> 00:19:11,760
That's Ali.
385
00:19:12,000 --> 00:19:13,840
His family are high up
in the Egyptian government.
386
00:19:13,920 --> 00:19:16,640
They have ties with the Al-Mi'raj
Holding Company out of the Gulf.
387
00:19:16,720 --> 00:19:19,080
Big investors
in our asset management division.
388
00:19:20,080 --> 00:19:21,280
They wanted to give him a job,
you know?
389
00:19:21,360 --> 00:19:23,160
The usual "client's son" nepo thing.
390
00:19:24,280 --> 00:19:26,000
How bad is our balance sheet?
391
00:19:26,680 --> 00:19:29,040
Let's forget the Chinese wall
for a moment.
392
00:19:29,400 --> 00:19:31,080
Give it to me undiluted.
393
00:19:34,680 --> 00:19:35,880
Where have you been?
394
00:19:40,720 --> 00:19:42,520
John Lindsay's stepping down.
395
00:19:47,320 --> 00:19:48,720
We're getting a new CEO?
396
00:19:50,200 --> 00:19:51,640
Captain for a storm?
397
00:19:53,280 --> 00:19:54,480
Who is it?
398
00:19:54,560 --> 00:19:56,760
I wouldn't wanna pre-empt
the final decision.
399
00:19:59,520 --> 00:20:00,720
I...
400
00:20:03,840 --> 00:20:05,640
I want you to come see me
at my place tonight
401
00:20:05,720 --> 00:20:07,720
for a more intimate confab.
402
00:20:08,120 --> 00:20:09,880
Tell me honestly.
403
00:20:11,240 --> 00:20:12,920
Is there a storm coming, Bill?
404
00:20:14,320 --> 00:20:15,600
It's already here.
405
00:20:21,440 --> 00:20:22,760
Look, can you tell me
what's happening?
406
00:20:23,240 --> 00:20:24,480
Like, what are they
actually asking me?
407
00:20:24,560 --> 00:20:26,160
None of this stuff
about Henry's character
408
00:20:26,240 --> 00:20:27,240
was in any of the briefings.
409
00:20:27,320 --> 00:20:28,400
Well, did you know about any of this?
410
00:20:28,480 --> 00:20:29,920
No, I don't know
what she's talking about.
411
00:20:30,000 --> 00:20:32,120
- Like, I really don't know...
- No, they're giving you an open goal
412
00:20:32,200 --> 00:20:33,200
to hurt him.
413
00:20:33,360 --> 00:20:35,160
These allegations
could shift the attention
414
00:20:35,240 --> 00:20:36,960
from Pierpoint to Henry.
415
00:20:37,480 --> 00:20:38,680
So...
416
00:20:39,920 --> 00:20:41,680
Go for it. Hurt him.
417
00:20:45,720 --> 00:20:46,960
He's here.
418
00:20:47,200 --> 00:20:48,400
Sir Henry.
419
00:20:48,680 --> 00:20:50,120
Are you a predator, Mr. Muck?
420
00:20:50,240 --> 00:20:51,880
Henry. You said you'd be here.
421
00:20:51,960 --> 00:20:53,480
How much did you make, Mr. Muck?
422
00:20:53,560 --> 00:20:55,400
Do you feel guilty, Mr. Muck?
423
00:20:59,160 --> 00:21:00,360
What happened with Caedi?
424
00:21:00,440 --> 00:21:02,080
It is not relevant.
425
00:21:02,280 --> 00:21:03,840
Then why are they
pinning me to the wall
426
00:21:03,920 --> 00:21:05,440
for the fact that
you fuck your employees?
427
00:21:05,520 --> 00:21:07,360
Mate, lower your voice.
428
00:21:08,360 --> 00:21:09,680
You don't know
what you're talking about.
429
00:21:09,760 --> 00:21:11,520
None of it is pertinent
to why we're here.
430
00:21:11,600 --> 00:21:13,840
No, it's pertinent
because you use your power
431
00:21:13,920 --> 00:21:15,080
to get your dick wet
432
00:21:15,160 --> 00:21:17,560
and somehow my job now
is to answer for it.
433
00:21:17,760 --> 00:21:19,560
Listen to me. Look at me.
434
00:21:23,040 --> 00:21:25,720
You have to believe me, all right?
435
00:21:25,880 --> 00:21:27,960
This isn't anything.
436
00:21:28,440 --> 00:21:30,000
It's a whole load of nothing.
437
00:21:30,200 --> 00:21:31,480
It's not gonna go anywhere
438
00:21:31,560 --> 00:21:33,440
because there's nothing there.
439
00:21:41,080 --> 00:21:42,280
Mr. Spearing.
440
00:21:42,480 --> 00:21:45,080
A former Lumi employee
441
00:21:45,160 --> 00:21:46,560
that I've had close contact with
442
00:21:46,640 --> 00:21:48,280
attests that she was...
443
00:21:48,680 --> 00:21:52,200
quote, "relentlessly
and romantically pursued
444
00:21:52,280 --> 00:21:53,640
by Henry Muck."
445
00:21:54,040 --> 00:21:55,680
You bought her clothes
446
00:21:55,800 --> 00:21:57,200
and then offered her
a position of power
447
00:21:57,280 --> 00:21:59,360
in exchange
for inappropriate relations.
448
00:21:59,440 --> 00:22:02,920
The employee was then flown out
to the UN climate conference
449
00:22:03,000 --> 00:22:05,800
which you attended with Mr. Muck.
450
00:22:06,280 --> 00:22:08,440
And this employee was then, quote
451
00:22:08,520 --> 00:22:09,720
"frozen out."
452
00:22:10,120 --> 00:22:11,800
Mr. Spearing,
do you believe this statement?
453
00:22:11,880 --> 00:22:13,520
Do you believe this woman?
454
00:22:13,600 --> 00:22:14,600
Spearing.
455
00:22:14,680 --> 00:22:16,800
I'd like to speak
to my barrister privately, please.
456
00:22:17,120 --> 00:22:19,000
Mr. Spearing,
are you aware that Henry
457
00:22:19,080 --> 00:22:21,560
is now in a relationship
458
00:22:22,480 --> 00:22:24,120
with a Pierpoint employee?
459
00:22:25,240 --> 00:22:28,640
I'm sure that would be
of great interest to the regulators.
460
00:22:32,800 --> 00:22:34,200
I refer to my statement.
461
00:22:40,040 --> 00:22:41,240
Oh, fuck.
462
00:22:41,880 --> 00:22:42,880
We can dress this up
463
00:22:42,960 --> 00:22:46,040
as an information-gathering exercise
464
00:22:46,120 --> 00:22:49,120
but ultimately,
we are here to assign blame.
465
00:22:50,120 --> 00:22:51,520
I wanna be honest.
466
00:22:52,600 --> 00:22:56,120
I have to face up
to my own culpability, and...
467
00:22:57,120 --> 00:22:59,040
this is the most humble day
of my life.
468
00:23:00,040 --> 00:23:02,640
I think the most important thing
469
00:23:02,760 --> 00:23:05,440
is to be vulnerable
in front of you right now.
470
00:23:05,760 --> 00:23:08,000
I, like you
471
00:23:08,080 --> 00:23:11,520
believed I was engaged
in a public service.
472
00:23:11,760 --> 00:23:13,840
Our mission was to disrupt
473
00:23:13,920 --> 00:23:17,400
a stagnant and monopolistic industry
474
00:23:17,480 --> 00:23:19,000
and the little guy failed.
475
00:23:19,440 --> 00:23:21,600
Yeah, we overshot.
476
00:23:22,760 --> 00:23:24,080
I assure you
477
00:23:24,160 --> 00:23:26,000
the animating spirit
478
00:23:26,080 --> 00:23:29,040
that caused us to overshoot
479
00:23:29,280 --> 00:23:30,680
is the same one that made us feel
480
00:23:30,760 --> 00:23:32,280
that we were doing good
for the country.
481
00:23:32,360 --> 00:23:33,960
And your failure
to model for a correction
482
00:23:34,040 --> 00:23:35,520
in natural gas prices?
483
00:23:36,120 --> 00:23:39,120
Your unsustainably low
introductory price point?
484
00:23:39,240 --> 00:23:43,160
Less than 5% of
your so-called "green power"
485
00:23:43,240 --> 00:23:45,400
was from renewable energy sources.
486
00:23:45,600 --> 00:23:47,240
You've greenwashed your credentials.
487
00:23:47,320 --> 00:23:49,960
The only thing I'm guilty of
is optimism.
488
00:23:50,960 --> 00:23:53,080
Now I am happy
to answer any questions
489
00:23:53,160 --> 00:23:54,480
about my business.
490
00:23:54,600 --> 00:23:56,920
And I will swiftly and judiciously
491
00:23:57,000 --> 00:23:59,240
respond to any contentions
492
00:23:59,320 --> 00:24:00,800
about my private life
493
00:24:00,880 --> 00:24:03,480
privately out of respect
for those who raise them.
494
00:24:07,320 --> 00:24:10,040
Yeah, I... I won't let this story
be just another bailout
495
00:24:10,120 --> 00:24:11,240
consigned to the dustbin of history
496
00:24:11,320 --> 00:24:13,560
by the relentless pursuit of capital.
497
00:24:13,640 --> 00:24:15,760
What about the 145 million
pounds in stock
498
00:24:15,840 --> 00:24:18,480
you sold before Lumi went into
Emergency Government Control?
499
00:24:18,560 --> 00:24:21,280
How much of that have you paid
in restitution to your victims?
500
00:24:21,480 --> 00:24:22,800
This should have been
a criminal investigation
501
00:24:22,880 --> 00:24:23,880
from the outset.
502
00:24:23,960 --> 00:24:25,640
You should serve prison time
for what you've done.
503
00:24:25,720 --> 00:24:28,360
- You are a mercenary.
- Well, unlike you
504
00:24:28,440 --> 00:24:30,880
I don't take pleasure
in the suffering of others.
505
00:24:35,480 --> 00:24:37,760
Yeah, and in terms of the...
506
00:24:38,800 --> 00:24:40,760
the valuation and the...
507
00:24:41,360 --> 00:24:42,640
the overheated...
508
00:24:43,520 --> 00:24:46,520
excitement around the... the IPO
509
00:24:46,600 --> 00:24:48,400
well, that would lay
at the feet of our bankers.
510
00:24:49,560 --> 00:24:52,480
Yeah, you keep using
the word "predatory."
511
00:24:52,640 --> 00:24:55,120
If there is a predatory side
to capitalism
512
00:24:55,200 --> 00:24:57,640
they are on it, we are not.
513
00:24:58,120 --> 00:24:59,960
What a slippery shit.
514
00:25:04,520 --> 00:25:05,840
I hope this is worth it?
515
00:25:05,920 --> 00:25:07,600
Just to see your old office?
516
00:25:08,680 --> 00:25:11,000
I genuinely think it could be useful.
517
00:25:11,920 --> 00:25:13,360
Doors opening.
518
00:25:14,400 --> 00:25:16,200
I'm just gonna pee,
but I'll catch up with you.
519
00:25:16,320 --> 00:25:18,120
Okay. I'll see you
in the meeting room.
520
00:25:18,720 --> 00:25:20,160
Doors closing.
521
00:25:39,280 --> 00:25:41,200
- What's going on?
- I just...
522
00:25:43,040 --> 00:25:44,960
I think I really fucked it up
with Eric.
523
00:25:46,520 --> 00:25:47,880
Don't worry about him.
524
00:25:48,240 --> 00:25:50,880
Why don't you sit in on this meeting
with Harper and Petra?
525
00:25:51,400 --> 00:25:53,360
Eric's allergic to Harper.
526
00:25:54,320 --> 00:25:57,600
Trust me,
your tears are wasted in here.
527
00:25:59,480 --> 00:26:00,680
What happened?
528
00:26:03,160 --> 00:26:05,040
Well, that's kind of sensitive.
529
00:26:05,480 --> 00:26:08,120
And I... I don't really know
if there's anything to it.
530
00:26:08,200 --> 00:26:09,720
Okay, well, don't say anything
531
00:26:09,800 --> 00:26:11,720
that's gonna get us into trouble.
532
00:26:13,960 --> 00:26:15,600
There was this Euro swaps kid
533
00:26:15,680 --> 00:26:16,800
who once spoke about the fact
534
00:26:16,880 --> 00:26:18,720
that he spent
his entire signing-on bonus
535
00:26:18,800 --> 00:26:20,000
on PornHub Premium
536
00:26:20,080 --> 00:26:21,560
and Oliver Peoples glasses
537
00:26:21,760 --> 00:26:23,280
in a lift with an MD.
538
00:26:23,440 --> 00:26:24,640
He got sacked.
539
00:26:25,280 --> 00:26:26,920
You never know who's listening.
540
00:26:35,440 --> 00:26:36,760
Okay, so...
541
00:26:38,080 --> 00:26:40,400
I outlined this hypothesis.
542
00:26:41,200 --> 00:26:43,160
Eric shot it down pretty viciously
543
00:26:43,240 --> 00:26:44,840
but I think...
544
00:26:45,200 --> 00:26:47,800
Pierpoint Asset Management
might have taken
545
00:26:47,880 --> 00:26:50,840
an outsize prop bet
as part of our ESG pivot
546
00:26:50,920 --> 00:26:52,320
funded by debt
547
00:26:52,560 --> 00:26:54,480
that is about to reach maturity.
548
00:26:54,960 --> 00:26:57,640
It's a... a balance sheet motherload.
549
00:26:59,520 --> 00:27:00,720
Okay.
550
00:27:04,920 --> 00:27:06,120
Honestly...
551
00:27:06,880 --> 00:27:08,960
I think this is
552
00:27:09,040 --> 00:27:10,840
way above our pay grades.
553
00:27:12,440 --> 00:27:13,640
Look...
554
00:27:14,040 --> 00:27:15,760
I have a lot going on today.
555
00:27:15,960 --> 00:27:18,480
Okay? But just don't let
the geezers get you down...
556
00:27:19,040 --> 00:27:20,240
right?
557
00:27:20,560 --> 00:27:22,160
I'm gonna go for a piss now, okay?
558
00:27:22,240 --> 00:27:23,520
But you're good.
559
00:27:55,240 --> 00:27:57,520
It was a stroke of genius,
I think you did brilliantly.
560
00:27:57,840 --> 00:27:59,560
Look, I'm getting a lot of heat
about Henry
561
00:27:59,640 --> 00:28:01,880
and the possibility
of criminal proceedings.
562
00:28:01,960 --> 00:28:03,680
We can't be associated with that.
563
00:28:03,920 --> 00:28:05,120
But I can, can I?
564
00:28:06,320 --> 00:28:07,840
You needed a fucking scapegoat.
565
00:28:08,280 --> 00:28:09,280
Why fuck me?
566
00:28:09,360 --> 00:28:10,760
Why did you choose to fuck me?
567
00:28:10,840 --> 00:28:12,760
Because you're fuckable,
Robert, all right?
568
00:28:14,040 --> 00:28:15,240
I'm sorry, from...
569
00:28:15,720 --> 00:28:18,000
a company level, you're fuckable.
570
00:28:18,680 --> 00:28:20,280
Don't... don't look at me.
571
00:28:20,360 --> 00:28:22,720
It was Eric who said
you're expendable.
572
00:28:38,680 --> 00:28:40,080
Hey. Hey, Rob.
573
00:28:40,160 --> 00:28:42,520
Rob, breathe... breathe.
574
00:28:42,600 --> 00:28:43,840
It's Eric...
575
00:28:44,320 --> 00:28:45,520
It's fucking...
576
00:28:46,200 --> 00:28:47,440
It's Pierpoint...
577
00:28:48,360 --> 00:28:50,040
They've hung me out to dry, Yas.
578
00:28:50,480 --> 00:28:51,680
They're gonna fire me.
579
00:28:53,120 --> 00:28:56,200
Maybe don't question the jailer
when he hands you the keys, you know?
580
00:28:57,440 --> 00:28:59,560
Getting away from all these people...
581
00:29:00,120 --> 00:29:01,760
is that such a bad thing?
582
00:29:16,360 --> 00:29:17,880
From the very first instance
583
00:29:17,960 --> 00:29:20,600
I would contend that Lumi
was far too closely enmeshed
584
00:29:20,680 --> 00:29:21,720
with the government.
585
00:29:21,800 --> 00:29:24,760
We believed Lumi could be a beacon
586
00:29:24,960 --> 00:29:27,120
for what the British tech
and energy sectors
587
00:29:27,200 --> 00:29:28,200
were capable of.
588
00:29:28,280 --> 00:29:30,880
You were very quick
to ratify a bailout.
589
00:29:31,520 --> 00:29:33,920
Was that because
you wanted to soften the landing
590
00:29:34,000 --> 00:29:35,360
for Lumi's CEO?
591
00:29:35,800 --> 00:29:39,480
I don't believe in bailouts,
philosophically
592
00:29:39,680 --> 00:29:41,320
but it was a moral issue.
593
00:29:42,320 --> 00:29:44,240
Homes were going cold.
594
00:29:45,960 --> 00:29:48,760
In all my dealings with Henry Muck
595
00:29:48,840 --> 00:29:51,880
I never questioned his integrity.
596
00:29:52,080 --> 00:29:53,560
So, you're defending a man
597
00:29:53,640 --> 00:29:55,960
whose misconduct allegations
598
00:29:56,040 --> 00:29:58,440
seem to be growing exponentially.
599
00:29:58,640 --> 00:30:01,560
I don't think that's what
we're here to talk about.
600
00:30:03,040 --> 00:30:05,560
Pierpoint ended up
as Lumi's lead underwriter.
601
00:30:07,320 --> 00:30:08,480
Did that have anything to do
with the fact
602
00:30:08,560 --> 00:30:09,800
that you started your career there?
603
00:30:09,880 --> 00:30:12,600
Does the fact
that you started your career
604
00:30:12,680 --> 00:30:15,440
at the energy regulator Ofgem
605
00:30:15,520 --> 00:30:17,840
have anything to do
with the lack of supervision
606
00:30:17,920 --> 00:30:19,080
over Lumi's finances?
607
00:30:19,160 --> 00:30:21,280
I don't follow.
What's that gotta do with anything?
608
00:30:21,360 --> 00:30:22,880
My point exactly.
609
00:30:23,600 --> 00:30:24,680
It's a coincidence.
610
00:30:24,760 --> 00:30:26,640
Okay, so it's not Lumi's fault
611
00:30:26,720 --> 00:30:28,440
and I assume you are here to ensure
612
00:30:28,520 --> 00:30:30,440
that it's not the government's fault,
so...
613
00:30:31,120 --> 00:30:32,960
Secretary of State,
whose fault is it?
614
00:30:35,640 --> 00:30:37,560
My department dropped the ball
615
00:30:38,160 --> 00:30:40,840
and therefore
the responsibility is mine
616
00:30:40,920 --> 00:30:42,120
and mine only.
617
00:30:43,680 --> 00:30:45,320
The goalposts
618
00:30:45,400 --> 00:30:48,280
over what's acceptable in public life
619
00:30:48,360 --> 00:30:51,360
have shifted
over the last half-decade
620
00:30:51,640 --> 00:30:54,440
due in part to my party's leadership.
621
00:30:54,520 --> 00:30:55,680
Scandal has become
622
00:30:55,760 --> 00:30:58,360
such an iterative process for us
623
00:30:58,440 --> 00:31:00,800
that it has ceased to become scandal.
624
00:31:00,880 --> 00:31:02,480
But I am here
625
00:31:02,640 --> 00:31:05,680
to prove to you and the public
626
00:31:06,080 --> 00:31:07,480
that I still believe
627
00:31:07,560 --> 00:31:10,200
in accountability in politics.
628
00:31:11,960 --> 00:31:15,360
Which is why I've come from Number 10
629
00:31:15,880 --> 00:31:18,960
where I tendered my resignation
to the Prime Minister.
630
00:31:22,480 --> 00:31:25,160
You have no idea
how lucky we just got.
631
00:31:25,640 --> 00:31:27,640
She just made
the government the story.
632
00:31:29,200 --> 00:31:31,160
What you talking about
how lucky we got?
633
00:31:32,480 --> 00:31:33,680
You mean me.
634
00:31:35,680 --> 00:31:37,800
And on the subject
635
00:31:37,880 --> 00:31:40,240
of a criminal investigation
636
00:31:40,400 --> 00:31:43,400
this government welcomes
the opportunity
637
00:31:43,640 --> 00:31:45,640
to engage the Attorney General
638
00:31:45,800 --> 00:31:47,840
and the Serious Fraud Office
639
00:31:48,120 --> 00:31:51,240
to mete out justice
where appropriate.
640
00:32:06,000 --> 00:32:07,720
How did the Prime Minister
take your resignation
641
00:32:07,800 --> 00:32:09,000
Secretary of State?
642
00:32:15,400 --> 00:32:18,080
If I knew they were gonna use
Caedi like that
643
00:32:18,160 --> 00:32:19,760
or she felt like this...
644
00:32:19,840 --> 00:32:21,080
I would have reached out to her.
645
00:32:21,160 --> 00:32:22,360
It was traumatic.
646
00:32:24,920 --> 00:32:26,480
And I didn't buy her any clothes,
by the way.
647
00:32:26,560 --> 00:32:28,520
I let her use
my Net-A-Porter discount once.
648
00:32:28,600 --> 00:32:29,800
Are you not worried?
649
00:32:30,600 --> 00:32:31,880
You know, about the...
650
00:32:32,440 --> 00:32:34,560
the criminal implications
that Dearn raised?
651
00:32:34,640 --> 00:32:35,840
You sat through that shitshow.
652
00:32:35,920 --> 00:32:37,680
Wouldn't you say blame
is complicated?
653
00:32:38,800 --> 00:32:40,200
It lies with me
654
00:32:40,600 --> 00:32:42,520
my board, my bankers
655
00:32:43,480 --> 00:32:44,680
and the government.
656
00:32:44,760 --> 00:32:47,160
But people want
a single, reductive certainty.
657
00:32:48,800 --> 00:32:50,240
Let me buy you an early dinner.
658
00:32:51,120 --> 00:32:53,040
There's some friends of ours
I want you to meet.
659
00:32:54,360 --> 00:32:56,240
All's fair in love and war, right?
660
00:33:05,320 --> 00:33:07,640
Give us our money back, wanker!
661
00:33:09,640 --> 00:33:12,360
Some preprandial martinis
662
00:33:12,440 --> 00:33:14,240
to lube up the conversation.
663
00:33:14,320 --> 00:33:15,560
Two, three...
664
00:33:15,640 --> 00:33:17,360
Oh, and a glass of Ruinart
665
00:33:17,600 --> 00:33:19,040
for our absent guest.
666
00:33:19,880 --> 00:33:21,280
Wait, is someone else joining us?
667
00:33:21,400 --> 00:33:22,920
Just a Perrier for me.
668
00:33:23,800 --> 00:33:25,720
I thought Dearn
was a little unsophisticated
669
00:33:25,800 --> 00:33:27,560
how she went for the jugular
in there.
670
00:33:27,840 --> 00:33:30,000
I had a similar grilling
from our current Foreign Secretary
671
00:33:30,080 --> 00:33:31,560
during the Leveson Inquiry.
672
00:33:31,640 --> 00:33:33,600
He's in your pocket now,
isn't he, Nortie?
673
00:33:33,680 --> 00:33:36,000
You did hack Hugh Grant's phone, no?
674
00:33:36,200 --> 00:33:37,560
I'm not rising to that.
675
00:33:38,920 --> 00:33:40,240
It takes a certain person
676
00:33:40,320 --> 00:33:43,040
to not wilt under those lights.
677
00:33:44,200 --> 00:33:45,400
You did well.
678
00:33:45,560 --> 00:33:48,360
Yeah, your friend Harper
realized the sell-side
679
00:33:48,440 --> 00:33:50,880
is where the fertile minds go to die.
680
00:33:50,960 --> 00:33:53,000
She's doing rather well
with my money.
681
00:33:53,120 --> 00:33:55,840
It's time for you to have
the same realization, Rob.
682
00:33:56,560 --> 00:33:57,760
Well...
683
00:33:57,840 --> 00:34:00,520
if it isn't our future
Prime Minister!
684
00:34:02,320 --> 00:34:03,520
Fuck me!
685
00:34:09,440 --> 00:34:10,680
Well done in there.
686
00:34:11,360 --> 00:34:13,200
This is purportedly
687
00:34:13,560 --> 00:34:15,560
the worst day of my career.
688
00:34:15,640 --> 00:34:18,840
I've just had to let
my entire private office go.
689
00:34:20,160 --> 00:34:21,600
Where's the Blanc de Blancs?
690
00:34:21,760 --> 00:34:23,320
Oh, as if by magic.
691
00:34:24,400 --> 00:34:26,360
Just giving a nod to James
and the news team
692
00:34:26,440 --> 00:34:27,720
on tomorrow's headline.
693
00:34:27,880 --> 00:34:30,000
Aurore, do you prefer "third way"
694
00:34:30,080 --> 00:34:31,240
or "new hope"
695
00:34:31,400 --> 00:34:33,680
- for the sub?
- You know best, Alexander.
696
00:34:33,880 --> 00:34:35,400
After that disastrous budget
697
00:34:35,480 --> 00:34:37,200
they had to put a centrist
in as Chancellor
698
00:34:37,280 --> 00:34:39,440
but we'll have him out
by the election.
699
00:34:40,240 --> 00:34:43,080
- The job's yours to lose.
- What about the...
700
00:34:43,480 --> 00:34:45,560
well, the...
the criminal proceedings?
701
00:34:45,720 --> 00:34:48,640
Oh, I had a word
with the Attorney General.
702
00:34:48,960 --> 00:34:50,760
It's in his in-tray.
703
00:34:51,240 --> 00:34:52,520
He'll look at it.
704
00:34:52,840 --> 00:34:55,000
Then it'll be in
someone else's in-tray.
705
00:34:56,120 --> 00:34:58,120
Oh, and if the press come knocking
706
00:34:58,200 --> 00:35:00,920
ask something that'll
use up oxygen, like...
707
00:35:01,600 --> 00:35:03,680
"Can a woman have a penis?"
708
00:35:03,880 --> 00:35:05,080
Otto...
709
00:35:06,800 --> 00:35:09,120
Oh, it looks like
my uncle made some promises.
710
00:35:09,200 --> 00:35:10,960
Good to have him in your favor.
711
00:35:11,640 --> 00:35:15,480
I am surprised
you are such a bad bullshitter.
712
00:35:15,640 --> 00:35:17,600
Isn't that what the Oxford
tutorial system's
713
00:35:17,680 --> 00:35:18,920
meant to teach us?
714
00:35:21,560 --> 00:35:23,560
Should have a toast, shouldn't we?
715
00:35:24,360 --> 00:35:25,600
To England?
716
00:35:26,160 --> 00:35:27,360
No.
717
00:35:27,600 --> 00:35:28,800
To...
718
00:35:29,040 --> 00:35:30,400
Well, to friends.
719
00:35:30,800 --> 00:35:32,080
Old and...
720
00:35:33,000 --> 00:35:34,200
new.
721
00:35:34,280 --> 00:35:35,360
- To friends.
- To friends.
722
00:35:35,440 --> 00:35:38,040
- Old and new.
- To friends, old and new.
723
00:35:41,000 --> 00:35:42,200
Cheers.
724
00:35:46,680 --> 00:35:48,240
Oh, it's a shame that the...
725
00:35:49,000 --> 00:35:51,000
the heart palpitations
you get off shit gear
726
00:35:51,080 --> 00:35:52,480
don't count as cardio.
727
00:35:56,520 --> 00:35:57,720
Did you...
728
00:35:58,120 --> 00:35:59,320
Did you ever...
729
00:36:00,200 --> 00:36:02,880
you know, get with Yasmin?
730
00:36:04,160 --> 00:36:05,360
No.
731
00:36:05,880 --> 00:36:07,280
Although she did once...
732
00:36:08,880 --> 00:36:11,080
make me eat my own ejaculate
off a mirror.
733
00:36:15,560 --> 00:36:19,920
I've invited her to join us later
and while... I'm not...
734
00:36:20,000 --> 00:36:22,160
I'm not a sexually jealous man.
735
00:36:22,440 --> 00:36:24,640
I just don't want it to be awkward,
you know?
736
00:36:25,040 --> 00:36:26,240
We're just friends.
737
00:36:29,440 --> 00:36:30,760
She's a very good friend.
738
00:36:31,120 --> 00:36:32,640
I think she might be it.
739
00:36:34,000 --> 00:36:36,160
The bullet to take me out
of the great war.
740
00:36:36,400 --> 00:36:37,760
- What?
- Oh, for fuck's sake.
741
00:36:37,840 --> 00:36:39,120
I think I'm in love with her.
742
00:36:40,720 --> 00:36:42,000
Well, you shouldn't tell her that.
743
00:36:44,120 --> 00:36:46,520
She's not in the emotional headspace
to hear things like that.
744
00:36:49,160 --> 00:36:50,360
So you do love her?
745
00:36:54,400 --> 00:36:56,480
That now ex-Cabinet Minister
746
00:36:56,560 --> 00:36:58,720
really took the heat for us
in there today.
747
00:36:58,920 --> 00:37:00,600
Sorry, I left you high and dry.
748
00:37:01,320 --> 00:37:02,720
Senior management...
Help yourself.
749
00:37:02,800 --> 00:37:04,280
...have had their eye
on who's gonna sail us
750
00:37:04,360 --> 00:37:05,560
through this squall.
751
00:37:06,000 --> 00:37:07,960
Is it premature
to toast your ascension
752
00:37:08,040 --> 00:37:09,240
to the top job?
753
00:37:11,240 --> 00:37:13,160
They're making you CEO, right?
754
00:37:14,840 --> 00:37:16,040
Please.
755
00:37:16,200 --> 00:37:18,280
I'm honored you think
they'd even finger me for that.
756
00:37:18,360 --> 00:37:20,960
No, I have it on semi-good authority
757
00:37:21,040 --> 00:37:22,560
it's gonna be Tom Wolsey.
758
00:37:22,800 --> 00:37:24,480
You're fucking kidding me.
759
00:37:24,560 --> 00:37:26,560
The ex-Bain turnaround guy?
760
00:37:26,640 --> 00:37:28,160
He's... he's a kid!
761
00:37:28,240 --> 00:37:31,040
I think if he's announced,
it tells us the story.
762
00:37:31,360 --> 00:37:32,600
He's gonna gut us?
763
00:37:32,680 --> 00:37:34,040
Was that a question?
764
00:37:35,880 --> 00:37:37,080
Between us...
765
00:37:37,760 --> 00:37:39,560
I think Wilhelmina
was part of the soft pressure
766
00:37:39,640 --> 00:37:40,720
behind Lindsay's retirement.
767
00:37:40,800 --> 00:37:42,600
She's gonna do everything she can
to pass the buck
768
00:37:42,680 --> 00:37:45,080
about the ESG disaster
in front of Wolsey.
769
00:37:45,840 --> 00:37:47,240
So the grad was right?
770
00:37:47,400 --> 00:37:49,640
Not even a forensic accountant
could read our balance sheet.
771
00:37:49,720 --> 00:37:50,960
It's too unwieldy.
772
00:37:51,200 --> 00:37:53,680
What I can tell you is we're not safe
from a plummeting share price.
773
00:37:53,760 --> 00:37:55,280
We're not safe from panic.
774
00:37:58,000 --> 00:38:00,920
Epstein's island was a naff Mustique.
775
00:38:04,360 --> 00:38:07,240
You won't find the Muck name
on the flight manifesto.
776
00:38:07,320 --> 00:38:08,520
Don't!
777
00:38:09,160 --> 00:38:11,560
Yeah, I heard he was Mossad...
778
00:38:11,640 --> 00:38:13,960
- I need to talk to you.
- In a bit...
779
00:38:14,040 --> 00:38:16,120
Henry, we need to talk
about this girl.
780
00:38:16,200 --> 00:38:17,760
Oh, it was nothing, Yas.
781
00:38:17,840 --> 00:38:19,120
It was fucking nothing.
782
00:38:19,200 --> 00:38:20,240
You're high, Henry.
783
00:38:20,320 --> 00:38:22,520
Why do you get yourself
into these fucking situations?
784
00:38:22,600 --> 00:38:24,680
- Yeah, I know...
- No, no.
785
00:38:24,760 --> 00:38:26,480
It's an abuse of power, Henry.
786
00:38:26,560 --> 00:38:28,520
Fuck, everything's an abuse of power
787
00:38:28,600 --> 00:38:30,120
with me in relationships, Yas.
788
00:38:30,200 --> 00:38:31,920
I can only fuck down.
789
00:38:32,320 --> 00:38:34,640
Who can I fuck that's higher status?
790
00:38:35,680 --> 00:38:37,680
Hillary Clinton? Kamala Harris?
791
00:38:37,760 --> 00:38:39,160
Not my tempo, babe.
792
00:38:39,240 --> 00:38:40,960
I love a café au lait.
793
00:38:42,240 --> 00:38:43,440
No, obviously...
794
00:38:43,600 --> 00:38:46,360
No, obviously, I'm joking.
I'm joking.
795
00:38:46,480 --> 00:38:47,960
Fuck's sake, Yas.
796
00:38:48,880 --> 00:38:50,880
You know, I'm with you now.
797
00:38:52,000 --> 00:38:53,280
I'm with you.
798
00:38:54,280 --> 00:38:55,960
Yeah? You're everything.
799
00:38:56,560 --> 00:38:58,720
You're fucking everything.
800
00:38:59,400 --> 00:39:00,960
- Stop.
- No, no, listen to me.
801
00:39:01,160 --> 00:39:04,000
I love how vulnerable
you make me feel.
802
00:39:04,880 --> 00:39:07,440
Yeah? I loved this morning.
803
00:39:07,640 --> 00:39:09,600
- Okay.
- Yeah, that was a holy moment
804
00:39:09,680 --> 00:39:10,960
when we were that vulnerable
with each other
805
00:39:11,040 --> 00:39:12,600
- Okay, I...
- when you pissed on me.
806
00:39:13,480 --> 00:39:15,880
You got another girl to piss on you?
807
00:39:19,040 --> 00:39:21,040
Lick it up off the fucking floor.
808
00:39:21,640 --> 00:39:23,000
- Hey, Yas.
- No, not right now.
809
00:39:23,080 --> 00:39:25,480
Oh, I always liked her.
810
00:39:27,680 --> 00:39:29,680
Hey...
811
00:39:29,760 --> 00:39:30,960
Come on.
812
00:39:36,680 --> 00:39:38,600
Let's give it a good fucking nudge.
813
00:39:40,800 --> 00:39:42,880
Did you know anything
about this Lumi girl?
814
00:39:43,160 --> 00:39:45,400
- No.
- Like, what am I doing
815
00:39:45,480 --> 00:39:46,960
involving myself
with someone like him?
816
00:39:47,040 --> 00:39:49,120
Like, what... what is actually
wrong with me?
817
00:39:49,200 --> 00:39:51,960
- There's nothing wrong with you.
- So many fucked up fucking issues.
818
00:39:52,040 --> 00:39:54,040
I surround myself with these men.
819
00:39:54,480 --> 00:39:57,600
Like, I... I want them
to want me, why? I...
820
00:39:59,360 --> 00:40:01,920
I even wanted my dad
821
00:40:02,000 --> 00:40:03,080
to like me.
822
00:40:03,320 --> 00:40:04,520
Yeah, but you know...
823
00:40:05,000 --> 00:40:07,320
there's nothing wrong with
wanting your dad to like you.
824
00:40:08,080 --> 00:40:10,920
God, I spent years
trying to get my mom's approval.
825
00:40:12,480 --> 00:40:13,840
I mean, you know...
826
00:40:14,760 --> 00:40:16,280
presentationally.
827
00:40:21,160 --> 00:40:23,080
Can't you just fall in love with me?
828
00:40:24,880 --> 00:40:27,320
It will make everything
so much easier.
829
00:40:40,000 --> 00:40:42,200
- Hello?
- Yas, it's Denise.
830
00:40:42,320 --> 00:40:43,760
Are you somewhere private?
831
00:40:44,200 --> 00:40:45,400
Is everything okay?
832
00:40:45,520 --> 00:40:46,920
Are you somewhere private?
833
00:40:48,040 --> 00:40:49,760
- What's wrong?
- Okay.
834
00:40:50,080 --> 00:40:51,880
I'd rather not do this over the phone
835
00:40:51,960 --> 00:40:54,600
but I thought
speed was quite important
836
00:40:54,680 --> 00:40:56,400
given how quickly it might get out.
837
00:40:58,400 --> 00:41:00,400
They found a body.
838
00:41:01,440 --> 00:41:03,760
It's... it's most likely your father.
839
00:41:05,920 --> 00:41:08,320
Yas, do you...
do you need me to come to you?
840
00:41:08,760 --> 00:41:09,960
I'm gonna...
841
00:41:10,120 --> 00:41:11,240
- Yas?
- I need to...
842
00:41:11,320 --> 00:41:13,400
I'll... call you later.
843
00:41:15,960 --> 00:41:18,520
Have you seen those fucking mugs
queueing outside Greek Street?
844
00:41:18,600 --> 00:41:20,680
It's like a fucking labor exchange.
845
00:41:27,600 --> 00:41:29,080
Sorry, I can't... I can't...
846
00:41:35,520 --> 00:41:37,440
Come on, fucking hell.
847
00:41:37,880 --> 00:41:39,480
Fucking get in there.
848
00:41:47,080 --> 00:41:48,880
I've got a surprise for later.
849
00:41:50,080 --> 00:41:51,680
Easy...
850
00:41:51,760 --> 00:41:53,520
I'm taking you somewhere special.
851
00:41:53,600 --> 00:41:55,280
This is dark web coke.
None of your speed shit.
852
00:41:55,360 --> 00:41:56,680
Shit got real.
853
00:41:57,040 --> 00:41:58,240
Right.
854
00:41:59,480 --> 00:42:01,560
So...
855
00:42:03,240 --> 00:42:05,440
I wanted to bring you here
to tell you privately.
856
00:42:06,680 --> 00:42:08,360
I've been living
with a medulloblastoma
857
00:42:08,440 --> 00:42:09,800
in my left temporal lobe.
858
00:42:11,080 --> 00:42:13,360
Rare in adults, and inoperable.
859
00:42:13,720 --> 00:42:16,120
Can you believe it?
I was repeating myself a lot
860
00:42:16,200 --> 00:42:17,720
so I got it checked out.
861
00:42:18,240 --> 00:42:19,880
What's the prognosis?
862
00:42:19,960 --> 00:42:21,280
Oh, years.
863
00:42:21,360 --> 00:42:22,800
No doubt. Modern medicine.
864
00:42:23,280 --> 00:42:24,480
Years.
865
00:42:26,320 --> 00:42:27,680
Why are you looking at me like that?
866
00:42:28,240 --> 00:42:29,640
You think I'm in denial?
867
00:42:30,600 --> 00:42:32,800
No, not at all. I'm just...
868
00:42:34,120 --> 00:42:35,800
thinking about how I...
869
00:42:36,200 --> 00:42:37,960
always admired your hair.
870
00:42:39,320 --> 00:42:40,720
And it ain't budged.
871
00:42:43,360 --> 00:42:45,600
Yeah, I decided
chemo wasn't practical.
872
00:42:47,120 --> 00:42:49,760
What a life, eh?
You pit death against your vanity
873
00:42:49,840 --> 00:42:51,400
and your vanity still wins.
874
00:42:55,440 --> 00:42:56,800
Yeah, I didn't want
people in the office
875
00:42:56,880 --> 00:42:58,760
thinking I was in any way
incapacitated.
876
00:42:58,840 --> 00:42:59,840
So I...
877
00:42:59,920 --> 00:43:01,560
I flew to this clinic in Switzerland.
878
00:43:01,640 --> 00:43:03,720
They're trialing a DCVax treatment
879
00:43:03,800 --> 00:43:05,480
where they expose nude mice
880
00:43:05,560 --> 00:43:06,920
to the tumor cells
881
00:43:07,000 --> 00:43:08,800
to create a bespoke vaccine.
882
00:43:10,800 --> 00:43:12,560
Cancer's like our business. It's...
883
00:43:14,000 --> 00:43:15,760
It's a country with its own language.
884
00:43:18,800 --> 00:43:20,080
How are your daughters?
885
00:43:20,720 --> 00:43:22,880
I'm fighting for custody.
886
00:43:24,320 --> 00:43:25,720
But Candace is...
887
00:43:26,240 --> 00:43:28,120
a merciless bitch.
888
00:43:29,800 --> 00:43:31,080
That's why I loved her.
889
00:43:31,240 --> 00:43:32,840
You want the weekends or the week?
890
00:43:33,240 --> 00:43:35,560
I used to see what my daughters
891
00:43:35,640 --> 00:43:37,920
could become and achieve
892
00:43:38,200 --> 00:43:40,720
in every successful
young woman I came across.
893
00:43:42,360 --> 00:43:45,080
- But now...
- Now you wanna come across
894
00:43:45,160 --> 00:43:46,680
every successful young woman?
895
00:43:47,520 --> 00:43:49,920
Mr. Tao, HR on the line.
896
00:43:50,360 --> 00:43:52,280
I don't know what I feel.
897
00:43:53,000 --> 00:43:55,120
Oh, disgrace is coming.
898
00:43:55,200 --> 00:43:56,640
Don't expedite it.
899
00:43:58,760 --> 00:44:01,200
Luckily, cancer really
does a number on desire.
900
00:44:06,320 --> 00:44:07,640
Hey. Hey.
901
00:44:08,800 --> 00:44:10,160
Who are you crying for?
902
00:44:10,880 --> 00:44:13,000
- I hope it's not for me.
- Sorry.
903
00:44:17,640 --> 00:44:18,840
Remember...
904
00:44:19,920 --> 00:44:21,680
we grew up in this bank.
905
00:44:22,480 --> 00:44:23,760
We're lifers.
906
00:44:24,440 --> 00:44:25,880
And I'm happy we made that trade
907
00:44:25,960 --> 00:44:27,600
but only if we act like
we know its soul
908
00:44:27,680 --> 00:44:29,480
and we're prepared to fight for it.
909
00:44:30,080 --> 00:44:32,320
Because the next few weeks
are gonna be a fight.
910
00:44:53,040 --> 00:44:54,320
How long was I out for?
911
00:44:55,400 --> 00:44:57,200
I've been thinking
about my intentions.
912
00:45:03,560 --> 00:45:06,920
One must think clearly about
what one will ask the medicine.
913
00:45:09,160 --> 00:45:11,760
You can't wear that,
you look like a T.M. Lewin wanker.
914
00:45:25,040 --> 00:45:26,560
It's an expensive way
to get off your tits.
915
00:45:27,320 --> 00:45:28,720
Where the fuck have you dragged me?
916
00:45:28,880 --> 00:45:30,280
Cheap way to meet God though.
917
00:45:32,720 --> 00:45:34,800
Just sit on the blue blanket for me.
918
00:45:36,280 --> 00:45:38,040
Just sit on that blanket for me.
919
00:45:39,640 --> 00:45:42,680
I haven't paid 800 quid
to sit in some woods in Kent.
920
00:45:46,920 --> 00:45:48,120
Hey, dude.
921
00:45:48,640 --> 00:45:49,840
Pierre.
922
00:45:50,200 --> 00:45:52,800
Is this your first journey?
This is my third set of cups.
923
00:45:53,640 --> 00:45:55,520
I don't think I'm in the right
headspace for this.
924
00:45:55,760 --> 00:45:57,520
Oh, you look like
you've sobered up a bit.
925
00:45:58,720 --> 00:46:01,240
I told Henry to abstain,
but he never listens.
926
00:46:02,760 --> 00:46:04,440
He doesn't respect the medicine.
927
00:46:05,360 --> 00:46:07,480
And remember the plant finds you
when you're ready.
928
00:46:27,360 --> 00:46:28,560
You're here now.
929
00:46:29,800 --> 00:46:31,320
Do you really have a choice?
930
00:46:46,200 --> 00:46:47,560
Diego!
931
00:46:48,160 --> 00:46:49,960
Help me, Diego!
932
00:47:56,920 --> 00:48:00,160
Shoe shine...
933
00:48:01,000 --> 00:48:04,680
Shoe shine...
934
00:48:05,080 --> 00:48:10,080
Shoe shine...
935
00:48:31,360 --> 00:48:33,720
You're a company man.
936
00:48:49,760 --> 00:48:51,520
Go on, Mommy's not looking.
937
00:50:09,240 --> 00:50:10,760
She was a tyrant, you know?
938
00:50:12,840 --> 00:50:14,240
You're just like my mother.
939
00:50:14,440 --> 00:50:16,360
She was an unfillable void
of need too.
940
00:50:19,800 --> 00:50:21,560
She was very...
941
00:50:23,240 --> 00:50:24,440
present.
942
00:50:29,800 --> 00:50:34,520
She was restless, just like you.
Always in your ear...
943
00:50:34,840 --> 00:50:37,240
She loved you...
944
00:51:18,720 --> 00:51:21,440
We have to find a way
to monetize this.
945
00:51:28,040 --> 00:51:29,880
Christ, I'm coming down hard.
946
00:51:31,240 --> 00:51:33,920
I had a very nasty experience
in the loo just now.
947
00:51:36,280 --> 00:51:37,680
I saw a monster.
948
00:51:45,560 --> 00:51:46,760
Whatever you do...
949
00:51:50,080 --> 00:51:51,280
don't look in the mirror.
950
00:53:32,640 --> 00:53:34,080
Can I get in with you?
951
00:53:36,600 --> 00:53:37,880
What time is it?
952
00:53:37,960 --> 00:53:39,160
I don't know.
953
00:53:41,160 --> 00:53:42,360
Where have you been?
954
00:53:43,560 --> 00:53:45,560
I ended up in some members' club
955
00:53:45,640 --> 00:53:48,000
sat at the bar for a bit,
getting fucked up.
956
00:53:49,800 --> 00:53:52,360
I got some guys
to buy me about eight Negronis.
957
00:53:52,880 --> 00:53:53,880
And then when they left
958
00:53:53,960 --> 00:53:56,560
they realized that I wasn't
a paying member anymore.
959
00:53:59,440 --> 00:54:01,040
So they asked me to leave.
960
00:54:04,280 --> 00:54:05,640
Then I came home.
961
00:54:09,520 --> 00:54:12,240
Sorry, I left you with them.
962
00:54:15,160 --> 00:54:16,960
I think I'm gonna sell the house.
963
00:54:19,520 --> 00:54:22,320
How did you afford this place
in the first place?
964
00:54:23,000 --> 00:54:24,200
Clement.
965
00:54:26,960 --> 00:54:29,040
He left me half a million quid
in his will.
966
00:54:29,920 --> 00:54:32,720
I guess it doesn't really matter
where the money comes from.
967
00:54:33,440 --> 00:54:34,760
I think it does.
968
00:54:36,240 --> 00:54:38,520
I think I'm finally
beginning to see that.
969
00:54:44,760 --> 00:54:47,040
What am I gonna do if I lose my job?
970
00:54:58,160 --> 00:54:59,560
Henry will look after you.
971
00:55:02,520 --> 00:55:03,840
But he's a cunt.
972
00:55:08,000 --> 00:55:10,600
Yeah, he's your type.
973
00:55:19,520 --> 00:55:20,840
I guess he is.
974
00:55:24,440 --> 00:55:26,440
My fate is pre-determined.
975
00:55:27,480 --> 00:55:28,680
Yeah.
976
00:55:34,680 --> 00:55:36,680
You're destined to marry your dad.
977
00:55:51,920 --> 00:55:54,320
That would be impossible
'cause I killed him.