Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Toll Holdings 3rd place well-deserved

Media Release
Wednesday, 8 March 2006

Toll Holdings 3rd place well-deserved

“Toll Holdings well-deserves the third placing it received in the annual Roger Awards announced yesterday” said Stephnie de Ruyter, Leader of Democrats for social credit.

“Toll is a fine example of the potential for corporate exploitation and manipulation resulting from off-shore ownership of New Zealand’s essential infrastructure.

“Its operation of our rail network has been an expensive exercise for taxpayers with our government agreeing to fund the Toll-neglected upgrade of rail tracks to the tune of $200 million plus agreeing to provide additional funds for special projects.

“Fortunately Toll is not broke: it still managed to find the spare change to buy Singapore Rail and last year made a modest $41.41 million profit.

“Surely the time has come to admit that private sector ownership of essential infrastructure does not deliver for the people of New Zealand. Companies like Toll Holdings are profiting at the taxpayers expense” Ms de Ruyter said.

Organised by CAFCA and GATT Watchdog, the Roger Award is presented each year to the multi-national corporation operating in New Zealand deemed by the judges to be the worst. Ms de Ruyter noted that it was a sad indictment on the calibre of the finalists that Toll Holdings only managed a third place.

“That there are corporations operating here in a way which is deserving of a higher place in the Awards is a sobering indeed.

“The Award’s organisers are to be congratulated on their determination to bring poor corporate behaviour to our attention. And Toll is to be recognised for its third placing in such an ignominious contest” Ms de Ruyter concluded.


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election