Scoop has an Ethical Paywall
Buy-Out A Hi-Jack
New Zealand First Primary Production spokesperson, Doug Woolerton has welcomed the decision of the primary production Parliamentary select committee to investigate the buy-out of Terralink.
“The profitable property services arm of the State Owned Enterprise Terralink was sold to a consortium of senior staff. The consortium threatened to walk out and deny the company of their expertise unless it was sold to them. These guys put pressure on the Board to sell, and the Board folded,” said Mr Woolerton.
“The decision to sell was opposed by the taxpayer watchdog CCMAU who recommended against the sale. The Minister of the day who was responsible, Hon Tony Ryall was weak in permitting the sale to go ahead” Mr Woolerton said, “and the taxpayer is the loser. The Minister could have said no, and should have said no.”
“I look forward to the investigation commencing,” said Mr Woolerton.
ENDS
Gordon Campbell: On unemployment, Winston Peters’ low boiling point and music criticism
Labour Party: National Gaslights Women Fighting For Equal Pay
The Treasury: New Treasury Paper On The Productivity Slowdown
NZ Government: Government Recommits To Equal Pay
Emily Ireland - Local Democracy Reporter: Deputy Mayor ‘disgusted’ By Response To Georgina Beyer Sculpture
Te Pāti Māori: Māori Unemployment Rate Increases By More Than Four-Times National Rates
Government: Streamlining Building Consent Changes
