CEO caught on open mic singing ‘we’re in the money’ following £13bn merger

Screen Shot 2018-05-01 at 8.05.15 AM
Sainsbury’s CEO Mike Coupe
We’re in the money
Come on, my honey
Let’s spend it, lend it, send it-
Let’s spend it, lend it, send it
Rolling, rolling-
Rolling around!

Happy May Day workers of the world! JP

30 April 2018 | Emily Apple | The Canary

Sainsbury’s CEO Mike Coupe was caught out expressing his true feelings about his company’s proposed merger with ASDA. And it’s both embarrassing and utterly appalling in equal measure.

Coupe was in the ITV studios waiting for an interview. But when he decided to start singing, he had no idea that the camera was on:

“We’re in the money”

The proposed merger between Sainsbury’s and ASDA is worth £13bn. Since the announcement, share prices in Sainsbury’s soared by up to 20% in early trading and “closed 14.5% higher”. So for Coupe, his ditty was apt.

 

But his optimism will not be shared by many workers. Tim Roache, the general secretary of the GMB union, stated:

What on earth will Asda workers who are worrying about their futures think when they see this? It’s not only crass, it’s completely unprofessional and utterly insensitive. Is Sainsbury’s takeover of ASDA about people – workers and shoppers – or just more profit for its boss?

And this was a view echoed by other people on Twitter:

Walmart, the largest private employer in the US and the owner of ASDA, will reportedly retain a significant role after the proposed merger. Critics have previously given Walmart the title of “worst company in America”.

Apology

Coupe subsequently apologised for his singing. But this isn’t enough. His actions show utter contempt for workers and suppliers. People are worried about their jobs and their livelihoods as part of this merger. And Coupe’s actions will only make them feel worse.


We’re In the Money lyrics

Annie, Peggy, Lorraine, Phyllis, Billy and Ensemble:
– I got it!
– Well, what is it?
– A penny, a nickel…
– You got hold yo’ horses and let me get the dough off!
A dime!
We’re in the money,
We’re in the money;
We’ve got a lot of what it takes to get along!
We’re in the money,
The sky is sunny;
Old Man Depression, you are through,
You done us wrong!
We never see a headline
‘Bout breadline, today,
And when we see the landlord,
We can look that guy right in the eye .
We’re in the money
Come on, my honey
Let’s spend it, lend it,
Send it rolling around!
All:
We’re in the money,
We’re in the money;
We’ve got a lot of what it takes to get along!
We’re in the money,
The sky is sunny;
Old Man Depression, you are through,
You done us wrong!
We never see a headline
‘Bout breadline, today,
And when we see the landlord,
We can look that guy right in the eye.
Look that guy right in the eye-
Look that guy right in the eye-
We’re in the money
Come on, my honey
Let’s spend it, lend it, send it-
Let’s spend it, lend it, send it
Rolling, rolling-
Rolling around!
Additional Verse
Gone are my blues,
And gone are my tears;
I’ve got good news
To shout in your ears.
The silver dollar has returned to the fold,
With silver you can turn your dreams to gold.

Original Link |  Sainsbury’s CEO gets caught out on camera expressing his true feelings in a song

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