Emma Fisher, Portfolio Manager of the Airlie Australian Share Fund spoke with Rob Scott, Managing Director and Chief Executive of Wesfarmers, about his first decisions in charge, why he demerged Coles, why the Wesfarmers conglomerate model works when it has failed elsewhere, how the company approaches capital allocation, what he looks for in acquisitions, and why he made 'entrepreneurial spirit' a Wesfarmers value.

Watch the insightful conversation below: