Big parachute payments would be bad example
5 October 2001 Media Statement
Big parachute payments
would be bad example
Finance Minister Michael Cullen said
today he was “appalled” at the prospect that outgoing
directors of Air New Zealand could receive large golden
“The government does not yet own
shares in Air New Zealand and will not do so until the New
Year. It is therefore not in a position to exert any direct
influence over these payments.
“But at a time when Air New
Zealand clearly faces serious problems and the likelihood of
restructuring, these kinds of payments would set a very bad
example from the top,” he said.
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Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)
Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them.
Finally, yesterday’s announcement by the Ardern government that a new state agency will be set up to assess and plan the manned re-entry to the mine (on a set timetable) goes a long way to meeting the families’ remaining request: that they be enabled, if at all possible, to bury their loved ones. More>>