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the boss of buffer, a company where everyone�*s pay is public information, and professor peter bamberger, who has literally written the book on pay transparency. also on the show... yeah, avon is still calling, the direct selling cosmetics giant is still going strong. and the global boss tells me about reimagining the business for the 21st century. wherever you'rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, vanity fair magazine today best known for interviews and photographs of powerful celebrities, businesspeople and politicia...

hello, this is bbc news. the headlines: the former chancellor rishi sunak has received more than 100 backers has received more than 100 hackers and could enter the conservative leadership elections. the leader of the commons, penny mordaunt, is the only person to formally announce that she's running. she has fewer supporters than the two men. in other news, ukrainian officials say around a million and a half households are without power following a new wave of russian attacks. and england's lionesses will face china and denmark at next year's women's world cup in australia and new ze...

We started internally and then we six months later decided, you know, actually make sense for us to take this step further and make it completely public information. and joel, what kind of a reaction does it have when i don't know, when you have meetings with clients that they know how much you and everyone at the company gets paid? yeah, we'll say it comes up. it's something that people find very interesting. sometimes people willjust casually mention my salary to me in a meeting and it leads to a great conversation about why we do it. and one of the really great things about pay transparency...

And it leads to a great conversation about why we do it. and one of the really great things about pay transparency is that actually holds us to a really high standard. we can't, you know, just give someone a bonus or, you know, or have a tonne of salary discrepancy across the company without it sticking out like a sore thumb. and someone mentioning it to us. has it brought up any any jealousy or envy? we've been doing it for so long that it's basically the reality that people have chosen to enter into. so it's not something that i think has brought those kinds of emotions. but i could imagine ...

Give a bonus or, you know, hike the wages for their employees. companies from american airlines, jet blue, to wells fargo, bank of america, and just today waste management saying they were going to hand out $2,000 bonuses to 34,000 employees. as you mention, walmart is now joining the party, the country's largest private employer, more than 1.5 million people work for walmart. they're going to raise their starting pay from $9 an hour to $11 an hour. also going to hand out bonuses up to $1,000. all of this after we find out that the corporate tax rate is come down from 35% to 21%. those compani...