WEBVTT - Former BP CEO John Browne On The Future Of  Higher  Education

0:00:02.520 --> 0:00:08.039
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. Now to a bit

0:00:08.039 --> 0:00:11.880
<v Speaker 1>of a different conversation, Caroline. John Brown spent forty two

0:00:11.960 --> 0:00:14.960
<v Speaker 1>years at BP, where as CEO, he famously led the

0:00:15.000 --> 0:00:19.319
<v Speaker 1>firms beyond Petroleum green reband as the firm acknowledged the

0:00:19.320 --> 0:00:22.160
<v Speaker 1>reality of climate change. Now he's going right back to

0:00:22.200 --> 0:00:24.880
<v Speaker 1>the beginning. He's running to become chancellor of the University

0:00:24.880 --> 0:00:27.680
<v Speaker 1>of Cambridge, which is a city where he both studied

0:00:27.680 --> 0:00:30.520
<v Speaker 1>and was raised. He's campaigning on the promise of bringing

0:00:30.560 --> 0:00:34.080
<v Speaker 1>a focus on sustainability, science and global engagement to the

0:00:34.120 --> 0:00:37.519
<v Speaker 1>ancient university. Will his years in the city stand him

0:00:37.520 --> 0:00:40.279
<v Speaker 1>in good stead. I'm pleased to say we're joined by

0:00:40.479 --> 0:00:43.519
<v Speaker 1>John Brown now and John Lovely to have you on

0:00:43.560 --> 0:00:46.720
<v Speaker 1>the program with us. I want to start with Cambridge

0:00:46.720 --> 0:00:49.960
<v Speaker 1>because you've occupied many an illustrious role. What is it

0:00:50.000 --> 0:00:52.960
<v Speaker 1>about the post of chancellor that attracts you and why

0:00:53.040 --> 0:00:53.640
<v Speaker 1>is it now?

0:00:54.960 --> 0:01:00.560
<v Speaker 2>Well, the great universities of the UK are different UK

0:01:00.720 --> 0:01:03.480
<v Speaker 2>from many other places in the world. They're right up

0:01:03.760 --> 0:01:06.480
<v Speaker 2>in the front and they make a very big difference

0:01:06.520 --> 0:01:10.440
<v Speaker 2>to society, to economic growth and to the state and

0:01:10.560 --> 0:01:15.040
<v Speaker 2>condition of society. And I believe I have a seat

0:01:15.080 --> 0:01:18.160
<v Speaker 2>at lots of tables. I left BP eighteen years ago

0:01:18.600 --> 0:01:21.679
<v Speaker 2>and I've been doing a whole variety of things since then,

0:01:22.040 --> 0:01:23.959
<v Speaker 2>which has given me a seat at the table to

0:01:24.480 --> 0:01:28.679
<v Speaker 2>allow me to have influence but not control over what

0:01:28.800 --> 0:01:31.880
<v Speaker 2>the universities will do to flourish for the future. And

0:01:32.000 --> 0:01:34.880
<v Speaker 2>Cambridge is a very important university in the world.

0:01:35.280 --> 0:01:41.440
<v Speaker 3>Absolutely, Why is the British government not issuing a more wide,

0:01:42.040 --> 0:01:46.200
<v Speaker 3>open armed welcome to students and researchers who can't or

0:01:46.240 --> 0:01:50.360
<v Speaker 3>don't want to remain in the US. As higher education

0:01:50.640 --> 0:01:55.440
<v Speaker 3>in the US is under enormous pressure to change according

0:01:55.480 --> 0:01:58.320
<v Speaker 3>to the Trump administrations of wishes, Why does the British

0:01:58.360 --> 0:02:02.160
<v Speaker 3>government And would you issue that welcome if you were

0:02:02.240 --> 0:02:06.360
<v Speaker 3>to be the chancellor at Cambridge, a really open armed

0:02:06.440 --> 0:02:08.960
<v Speaker 3>welcome to any students out of the US.

0:02:10.200 --> 0:02:14.120
<v Speaker 2>Well, look, I think the Cambridge University is built on

0:02:14.600 --> 0:02:20.320
<v Speaker 2>great people. Excellence is the big big point of Cambridge

0:02:20.520 --> 0:02:24.680
<v Speaker 2>and they have always had open arms for absolutely everybody.

0:02:25.080 --> 0:02:28.880
<v Speaker 2>So this is not just a new thing. It just

0:02:28.960 --> 0:02:32.200
<v Speaker 2>adds to what Cambridge does and I know that Cambridge

0:02:32.240 --> 0:02:35.440
<v Speaker 2>will do that. I think the government should do a

0:02:35.480 --> 0:02:38.200
<v Speaker 2>lot in this area. I know the Royal Society and

0:02:38.200 --> 0:02:41.720
<v Speaker 2>the Royal Academy of Engineering are actually now going to

0:02:41.760 --> 0:02:45.040
<v Speaker 2>add funds to this and other institutions. I chair the

0:02:45.120 --> 0:02:49.320
<v Speaker 2>Creek Institute, Big Biomedical Institute, and we're bringing forward the

0:02:49.360 --> 0:02:53.760
<v Speaker 2>recruitment of some of our group leaders and we hope

0:02:53.760 --> 0:02:57.440
<v Speaker 2>that the US will provide a lot of the candidates

0:02:57.480 --> 0:02:58.040
<v Speaker 2>for there.

0:02:58.639 --> 0:03:01.000
<v Speaker 1>What part of your open eyes m Well can be

0:03:01.440 --> 0:03:04.880
<v Speaker 1>offering the opposite of Trump's anti woke push, an active

0:03:04.919 --> 0:03:08.920
<v Speaker 1>embrace of DEI.

0:03:08.000 --> 0:03:11.320
<v Speaker 2>Well, I think we embrace I think cambridg should embrace everything.

0:03:11.400 --> 0:03:15.880
<v Speaker 2>Cambridge stands for freedom of speech and freedom of investigation,

0:03:16.840 --> 0:03:20.280
<v Speaker 2>and that's very important. I believe that, you know, as

0:03:21.200 --> 0:03:25.760
<v Speaker 2>the saying goes, Cambridge is a place where they may

0:03:25.800 --> 0:03:30.840
<v Speaker 2>disagree with what people say. One party may disagree with

0:03:30.919 --> 0:03:34.040
<v Speaker 2>the other, but they will fight to allow that party

0:03:34.080 --> 0:03:36.680
<v Speaker 2>to say what they think. And I think that's where

0:03:37.440 --> 0:03:43.320
<v Speaker 2>this is how ideas are generated, how discoveries are made,

0:03:43.720 --> 0:03:47.720
<v Speaker 2>and how actually we make discoveries in science and technology

0:03:48.160 --> 0:03:52.800
<v Speaker 2>and make them applicable to society through the universal nature

0:03:52.800 --> 0:03:58.240
<v Speaker 2>of Cambridge, which is a place where humanities stand equal

0:03:58.360 --> 0:04:01.240
<v Speaker 2>to science, technology and mathematics.

0:04:02.320 --> 0:04:05.040
<v Speaker 3>Oxford and Cambridge are at the heart of this government's

0:04:05.080 --> 0:04:07.080
<v Speaker 3>plans for economic growth, and you hinted at it in

0:04:07.160 --> 0:04:12.120
<v Speaker 3>your first answer, how much do you think universities can

0:04:12.200 --> 0:04:16.800
<v Speaker 3>actually deliver for the chancellor? Rachel reeves in terms of

0:04:16.880 --> 0:04:23.040
<v Speaker 3>economic growth, it's a very difficult one for universities, isn't it.

0:04:23.040 --> 0:04:25.880
<v Speaker 2>It always is difficult. But I think there are things

0:04:25.920 --> 0:04:29.279
<v Speaker 2>which are very important for universities and the areas around

0:04:29.400 --> 0:04:35.760
<v Speaker 2>universities to have in that armory. The first is we

0:04:35.839 --> 0:04:41.240
<v Speaker 2>need to agglomerate activity around certain universities. The more people

0:04:41.240 --> 0:04:43.800
<v Speaker 2>who are glomerated around the university, and you can see

0:04:43.800 --> 0:04:46.680
<v Speaker 2>this for example in Boston and the United States, the

0:04:46.760 --> 0:04:50.520
<v Speaker 2>more successful it becomes. It sort of has momentum and

0:04:50.640 --> 0:04:53.320
<v Speaker 2>allows people to go from one place to the other

0:04:53.839 --> 0:04:58.840
<v Speaker 2>to fail and succeed. Secondly, we need the ability to

0:04:58.880 --> 0:05:02.760
<v Speaker 2>translate the discoveryveries that are made in universities into the

0:05:02.760 --> 0:05:07.279
<v Speaker 2>commercial space, and that's happening around Cambridge. It's happening around

0:05:07.320 --> 0:05:11.400
<v Speaker 2>Oxford as well. But more needs to be done and

0:05:11.640 --> 0:05:16.680
<v Speaker 2>I welcome some of the efforts that the Chancellor's made

0:05:16.720 --> 0:05:21.320
<v Speaker 2>in getting the city to invest in the companies that

0:05:21.400 --> 0:05:25.640
<v Speaker 2>need growth capital generated in the United Kingdom. That's something

0:05:26.080 --> 0:05:28.800
<v Speaker 2>that the Council on Science and technology, which I Shair

0:05:29.120 --> 0:05:33.400
<v Speaker 2>has been pushing very hard over the last two governments,

0:05:33.400 --> 0:05:36.200
<v Speaker 2>and it's pleasing to see that something is now happening

0:05:36.440 --> 0:05:41.479
<v Speaker 2>that will create growth, because growth comes from ushoots of

0:05:42.279 --> 0:05:46.080
<v Speaker 2>economic activity, businesses formed, and there are plenty of people

0:05:46.120 --> 0:05:49.960
<v Speaker 2>around Cambridge who can do just that given the right conditions.

0:05:50.680 --> 0:05:53.960
<v Speaker 1>John, there's the growth issue, but there's also the inequality

0:05:54.040 --> 0:05:57.279
<v Speaker 1>issue when it comes to Cambridge, this famous divide between

0:05:57.360 --> 0:05:58.520
<v Speaker 1>town and gown.

0:05:58.839 --> 0:06:03.160
<v Speaker 2>What would you do to rest well? I think actually

0:06:03.320 --> 0:06:05.960
<v Speaker 2>I went up to Cambridge to test the town and

0:06:06.040 --> 0:06:11.040
<v Speaker 2>gown that I remember when I was there at primary school.

0:06:11.360 --> 0:06:15.040
<v Speaker 2>I think it's going away very quickly, no doubt. Cambridge

0:06:15.160 --> 0:06:19.240
<v Speaker 2>need is as a city and as a broader catchment

0:06:19.360 --> 0:06:23.599
<v Speaker 2>area benefits from the university, and the university benefits from

0:06:23.920 --> 0:06:29.560
<v Speaker 2>getting housing and infrastructure right around Cambridge, so that divide

0:06:29.640 --> 0:06:31.960
<v Speaker 2>I think has gone down quite a lot. I've spoken

0:06:32.000 --> 0:06:38.000
<v Speaker 2>to people in the Cambridge the Cambridge hierarchy, the city hierarchy,

0:06:38.600 --> 0:06:42.040
<v Speaker 2>and it's very different. What it does need, though, is

0:06:42.160 --> 0:06:47.320
<v Speaker 2>investment in infrastructure and of course some housing. Housing tends

0:06:47.360 --> 0:06:50.760
<v Speaker 2>to come along if you have the right infrastructure and

0:06:50.800 --> 0:06:53.919
<v Speaker 2>the government some of the public purse has to be

0:06:54.000 --> 0:06:55.400
<v Speaker 2>spent on getting that right.

0:06:56.920 --> 0:06:59.760
<v Speaker 3>I've spoken recently to the Vice to answered Deborah Apprentice

0:07:00.040 --> 0:07:04.240
<v Speaker 3>about the challenges posed by research funding and the lack

0:07:04.279 --> 0:07:08.360
<v Speaker 3>of research funding. How would you be able to influence

0:07:08.440 --> 0:07:11.720
<v Speaker 3>that in order to kind of build up research funding.

0:07:11.760 --> 0:07:14.480
<v Speaker 3>It again a kind of really critical time if Cambridge

0:07:14.520 --> 0:07:19.040
<v Speaker 3>wants to wants to deliver on its world class reputation.

0:07:19.840 --> 0:07:22.480
<v Speaker 2>It really is well. I think I've got these acts

0:07:22.520 --> 0:07:27.680
<v Speaker 2>at the table to help discussion on where research funding

0:07:27.720 --> 0:07:31.720
<v Speaker 2>could go. The governments are very important funder of research,

0:07:32.040 --> 0:07:35.720
<v Speaker 2>but so too as the private sector. But the government

0:07:35.760 --> 0:07:39.240
<v Speaker 2>provides a lot of seed funding and it's very important

0:07:39.280 --> 0:07:42.640
<v Speaker 2>to get that focused in areas where we have world

0:07:42.680 --> 0:07:48.480
<v Speaker 2>class capability. Biomedical activity in Cambridge, the AI activity in Cambridge,

0:07:48.840 --> 0:07:53.280
<v Speaker 2>the energy and energy transition activity in Cambridge. Arguably the

0:07:53.360 --> 0:07:55.960
<v Speaker 2>sum total of all people in these areas and more

0:07:56.520 --> 0:08:00.840
<v Speaker 2>are the best in the world and they need funding.

0:08:01.360 --> 0:08:04.000
<v Speaker 2>So they get a lot of funding. We need to

0:08:04.040 --> 0:08:07.360
<v Speaker 2>see if we can expand sources of funding not just

0:08:07.400 --> 0:08:12.760
<v Speaker 2>from the government but also from worldwide sources and particularly

0:08:12.760 --> 0:08:16.760
<v Speaker 2>from the private sector. So private sector will follow provided

0:08:16.840 --> 0:08:20.760
<v Speaker 2>that there's something they can see which is developed from

0:08:20.840 --> 0:08:22.600
<v Speaker 2>research into the commercial area.

0:08:22.800 --> 0:08:26.040
<v Speaker 1>I know that, I mean, you hint at it, but

0:08:26.240 --> 0:08:29.480
<v Speaker 1>there is the funding for research issue. But then you've

0:08:29.520 --> 0:08:32.600
<v Speaker 1>also got to actually get onto the AIM market, and

0:08:32.640 --> 0:08:36.440
<v Speaker 1>that's had record low new issues and a seventeen percent

0:08:36.480 --> 0:08:39.520
<v Speaker 1>plunge in market value in the first quarter. Is there

0:08:39.520 --> 0:08:41.720
<v Speaker 1>anything they think that could be done to revive that

0:08:41.880 --> 0:08:44.440
<v Speaker 1>so that you know, these great ideas can actually go

0:08:44.480 --> 0:08:46.480
<v Speaker 1>all the way to market and make some money, make

0:08:46.559 --> 0:08:47.120
<v Speaker 1>some growth.

0:08:48.080 --> 0:08:51.880
<v Speaker 2>So look, I've actually had both companies, have shared companies

0:08:51.920 --> 0:08:55.120
<v Speaker 2>go onto AIM and coming off a. AIM is full

0:08:55.120 --> 0:08:58.400
<v Speaker 2>of far too many small companies that need to be

0:08:58.000 --> 0:09:01.880
<v Speaker 2>in private hands for long. There's no doubt about that,

0:09:02.559 --> 0:09:06.319
<v Speaker 2>because there aren't enough analysts to follow stocks which are

0:09:06.400 --> 0:09:10.640
<v Speaker 2>very small. I think, you know, real IPOs nowadays need

0:09:10.840 --> 0:09:14.880
<v Speaker 2>probably five billion dollars of enterprise value in order to

0:09:14.920 --> 0:09:18.160
<v Speaker 2>succeed really well. So it's just that there are plenty

0:09:18.200 --> 0:09:22.240
<v Speaker 2>of choices for investors. So I think the private markets,

0:09:22.760 --> 0:09:28.160
<v Speaker 2>both venture of growth, equity and growth and private equity

0:09:28.200 --> 0:09:32.840
<v Speaker 2>buyout are the areas that people need to focus more

0:09:32.880 --> 0:09:36.760
<v Speaker 2>on to get finance for these smaller companies. I think

0:09:36.800 --> 0:09:40.559
<v Speaker 2>the public markets do have a role, but the public

0:09:40.600 --> 0:09:45.920
<v Speaker 2>markets are quite demanding in scale and track record, and

0:09:46.000 --> 0:09:49.120
<v Speaker 2>they're not for everybody. I don't think you know, any

0:09:49.200 --> 0:09:53.480
<v Speaker 2>CEO keeps saying my ambition is to float the company,

0:09:53.920 --> 0:09:56.560
<v Speaker 2>is I think not saying the right thing. Surely the

0:09:56.600 --> 0:09:59.640
<v Speaker 2>ambition is to build a great product that fits into

0:09:59.640 --> 0:10:04.560
<v Speaker 2>a market that continues to not to necessarily.

0:10:05.800 --> 0:10:08.480
<v Speaker 3>Okay, Love Brown, thank you so much for being with

0:10:08.559 --> 0:10:10.480
<v Speaker 3>us this morning. It's very good to speak to you.

0:10:12.240 --> 0:10:15.559
<v Speaker 3>We are speaking to John Brown. Of course, you did

0:10:16.040 --> 0:10:18.560
<v Speaker 3>spend a long time at BP. I think it would

0:10:18.600 --> 0:10:22.960
<v Speaker 3>be remiss not to ask you, given your hugely prominent

0:10:23.080 --> 0:10:24.800
<v Speaker 3>role there, how much of a loss it would be

0:10:24.840 --> 0:10:27.560
<v Speaker 3>to the UK if the deal with Shell goes ahead.

0:10:28.559 --> 0:10:31.040
<v Speaker 2>Sure well, let me say, first of all, I left

0:10:31.080 --> 0:10:34.760
<v Speaker 2>BP eighteen years ago, so it's not just yesterday, and

0:10:34.800 --> 0:10:38.520
<v Speaker 2>I don't supervise BP. It would be a loss, of course,

0:10:38.559 --> 0:10:42.080
<v Speaker 2>it would be a great loss BP. Certainly, you know

0:10:43.280 --> 0:10:45.800
<v Speaker 2>when I was running it, we were the I think

0:10:45.840 --> 0:10:48.760
<v Speaker 2>fifth or seventh largest entire company in the entire world,

0:10:49.559 --> 0:10:56.440
<v Speaker 2>and it had great skill at developing responsibly order gas

0:10:56.559 --> 0:11:00.880
<v Speaker 2>and actually providing huge employment for every body. It was

0:11:00.960 --> 0:11:03.760
<v Speaker 2>at one time, of course, the provider of one pound

0:11:04.120 --> 0:11:06.679
<v Speaker 2>out of every six pounds in every single pension fund

0:11:06.679 --> 0:11:10.040
<v Speaker 2>in the UK. So I hope it's not lost because

0:11:10.160 --> 0:11:14.319
<v Speaker 2>it's a great part of the British business environment.

0:11:15.200 --> 0:11:18.119
<v Speaker 1>So your advice to Murray arckingclass John.

0:11:18.720 --> 0:11:22.080
<v Speaker 2>I have no advice for CEOs. I really think that

0:11:22.200 --> 0:11:26.480
<v Speaker 2>former CEO should keep out of advising president CEOs. This

0:11:26.559 --> 0:11:27.520
<v Speaker 2>is not a good idea.

0:11:28.120 --> 0:11:32.240
<v Speaker 3>Okay, take that point. In that case, let me return

0:11:32.280 --> 0:11:36.880
<v Speaker 3>to the fundamental issue, which is that the leading universities

0:11:36.880 --> 0:11:40.360
<v Speaker 3>in the world in the United States, most prominently Harvard,

0:11:40.840 --> 0:11:45.040
<v Speaker 3>are currently under enormous pressure from the Trump administration to

0:11:45.200 --> 0:11:50.320
<v Speaker 3>do what the Trump administration sees as being ideal. Harvard

0:11:50.520 --> 0:11:53.679
<v Speaker 3>is engaged in a significant battle. You've talked about, you know,

0:11:54.559 --> 0:11:58.840
<v Speaker 3>the idea of being able to exchange ideas freely at Cambridge.

0:11:58.840 --> 0:12:03.120
<v Speaker 3>Were you to lead that university, I want the US

0:12:03.240 --> 0:12:07.000
<v Speaker 3>and the current administration has also deeply criticize Britain, that

0:12:07.040 --> 0:12:11.360
<v Speaker 3>freedom of speech in Britain is under threat. What concrete

0:12:11.400 --> 0:12:15.920
<v Speaker 3>actions would you take to try to ensure that there

0:12:16.040 --> 0:12:21.719
<v Speaker 3>is freedom academically, freedom of speech for students, for researchers

0:12:21.920 --> 0:12:24.640
<v Speaker 3>at Cambridge going forwards. This seems to me a really

0:12:24.840 --> 0:12:26.360
<v Speaker 3>foundational challenge.

0:12:27.640 --> 0:12:30.599
<v Speaker 2>Well indeed, it is. But first of all, it's not

0:12:30.640 --> 0:12:33.239
<v Speaker 2>as if it's a new idea. It is what Cambridge

0:12:33.280 --> 0:12:36.960
<v Speaker 2>stands for, and it simply needs to be reinforced. I

0:12:37.000 --> 0:12:41.160
<v Speaker 2>think it's very important to take a strong position that

0:12:41.320 --> 0:12:45.600
<v Speaker 2>everything must be done to make sure that people can

0:12:45.720 --> 0:12:49.480
<v Speaker 2>speak freely, and they do not in so doing shut

0:12:49.520 --> 0:12:53.600
<v Speaker 2>down freedom of speech for the people who disagree with them.

0:12:54.040 --> 0:12:57.000
<v Speaker 2>So that needs to be pleased quite carefully, and there

0:12:57.040 --> 0:13:00.440
<v Speaker 2>are rules to do that and they should be forced.

0:13:01.040 --> 0:13:03.520
<v Speaker 2>There is no doubt actually those rules existed for a

0:13:03.559 --> 0:13:04.040
<v Speaker 2>long time.

0:13:04.480 --> 0:13:06.600
<v Speaker 3>So then Cambridge has done a good job so far

0:13:06.640 --> 0:13:09.280
<v Speaker 3>in your view, and is exemplary right now, and you

0:13:09.360 --> 0:13:12.080
<v Speaker 3>want to continue that it's not bad.

0:13:12.120 --> 0:13:14.920
<v Speaker 2>There are, of course, are always things that get in

0:13:14.960 --> 0:13:17.720
<v Speaker 2>the way, you know, and there are ups and downs.

0:13:17.840 --> 0:13:23.000
<v Speaker 2>But I don't think that long term values are judged

0:13:23.040 --> 0:13:27.160
<v Speaker 2>by sometimes things that go wrong that then are corrected.

0:13:27.520 --> 0:13:30.960
<v Speaker 2>So I think Cambridge needs to reinforce, it needs to

0:13:31.000 --> 0:13:34.640
<v Speaker 2>teach people that needs to stand out and everything they do,

0:13:35.000 --> 0:13:38.640
<v Speaker 2>and I may say they need to do research with

0:13:38.880 --> 0:13:43.160
<v Speaker 2>a freedom of investigation, research and scholarship.

0:13:43.400 --> 0:13:46.080
<v Speaker 3>And so a message of support for Harvard University and

0:13:46.120 --> 0:13:48.000
<v Speaker 3>it's battled with the US administration.

0:13:49.480 --> 0:13:52.200
<v Speaker 2>Well, it's up to Harvard how they do this. I

0:13:52.240 --> 0:13:56.959
<v Speaker 2>think Harvard had a great obviously very great standing and

0:13:57.040 --> 0:14:01.040
<v Speaker 2>how they now go forward is very much in their

0:14:01.080 --> 0:14:04.280
<v Speaker 2>control and the circumstances of the day. But you know,

0:14:05.400 --> 0:14:10.040
<v Speaker 2>these changes in fashion and they are almost fascional or

0:14:10.080 --> 0:14:16.880
<v Speaker 2>probably a partial reading of values. They go up and

0:14:16.960 --> 0:14:19.920
<v Speaker 2>they go down. But in the end, the long term

0:14:20.240 --> 0:14:23.800
<v Speaker 2>value of the university, and they're trying to make that

0:14:23.960 --> 0:14:28.480
<v Speaker 2>point legally, is that that's unchanged, that they have freedom

0:14:28.480 --> 0:14:31.160
<v Speaker 2>of speech. That actually it's done in a way where

0:14:31.640 --> 0:14:33.080
<v Speaker 2>it allows they're losing.

0:14:33.760 --> 0:14:38.200
<v Speaker 3>They are losing millions and millions in funding in the US,

0:14:38.240 --> 0:14:41.000
<v Speaker 3>so financially it's having it's potentially going to have a

0:14:41.120 --> 0:14:45.960
<v Speaker 3>much bigger and longer term and fundamental impact on Harvard,

0:14:46.400 --> 0:14:48.520
<v Speaker 3>led by the Harvard President, Alan Garber.

0:14:49.640 --> 0:14:53.480
<v Speaker 2>That may be true, depending on how it all gets

0:14:53.520 --> 0:14:57.440
<v Speaker 2>through the courts and what happens over a run of years,

0:14:57.480 --> 0:15:01.200
<v Speaker 2>that may well be true. That is very much I'm

0:15:01.240 --> 0:15:04.840
<v Speaker 2>afraid is the nature of what is happening in the

0:15:04.960 --> 0:15:09.560
<v Speaker 2>United States, and it's the United States's choice to have

0:15:10.400 --> 0:15:14.920
<v Speaker 2>this administration in place, and it comes with these activities.

0:15:15.720 --> 0:15:18.680
<v Speaker 2>I don't think it may well spread in the world.

0:15:18.720 --> 0:15:23.480
<v Speaker 2>I hope it doesn't. We should be vigorous and very

0:15:23.520 --> 0:15:28.400
<v Speaker 2>strong to prevent it affecting what goes on in Cambridge University.

0:15:29.200 --> 0:15:32.000
<v Speaker 1>Okay, John Brown, really good to talk to you. We

0:15:32.120 --> 0:15:34.360
<v Speaker 1>thank you so much for your time. John Brown is

0:15:34.400 --> 0:15:37.400
<v Speaker 1>of course running to become Chancellor of the University of

0:15:37.400 --> 0:15:41.480
<v Speaker 1>Cambridge and was previously CEO of BP. John, we thank

0:15:41.480 --> 0:15:43.600
<v Speaker 1>you for joining us on the program.