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.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Our Unreal Optimism About The Economic Impact Of Coronavirus

At this week’s Chinese New Year celebrations, PM Jacinda Ardern was resolutely upbeat that business with China would soon bounce back to normal – better than ever, even - once the coronavirus epidemic has been brought under control. To Ardern, the adversity has only accentuated just how close we are to Beijing Nothing wrong with being upbeat, if it can calm the nerves and turn business sentiment into a self-fulfilling prophecy. The problems begin when the optimism detaches itself from reality. What has been very odd so far about the coronavirus episode is that global share markets – normally spooked by mere sneezes or sniffles in the world’s major economies - have continued to be fairly positive, even as the epidemic has unfolded... More>>

First Published on Werewolf here


Gordon Campbell: On The Political Donations Scandals
Even paranoids have real enemies. While there has been something delusionary about the way New Zealand First has been living in denial about its donations scandal, one can sympathise with its indignation about Paula Bennett and Simon Bridges being among its chief accusers. More>>


UN Expert: NZ Housing Crisis Requires Bold Human Rights Response

This is a press statement from UN Special Rapporteur on the right to housing at the end of her 10-day visit to New Zealand. The Government of New Zealand has recognized that the country is facing a housing crisis, said Leilani Farha, UN Special Rapporteur ... More>>


2020 And Beyond: National’s Economic Plan

National Leader Simon Bridges has today outlined National’s economic plan heading into election 2020. “National understands the economy and how it impacts on New Zealanders day to day lives... More>>


Abortion Legislation Committee: Abortion Bill Report Presented To The House

The Abortion Legislation Committee has presented its report on the Abortion Legislation Bill to the House. A copy of the report is available here. The bill seeks to have abortion services provided like other health services... More>>


Auditor-General's Report : Water Management

The Auditor-General’s report Reflecting on our work about water management was presented to the House of Representatives today. Over the last two years we have been looking at how well public organisations are carrying out their water management ... More>>






InfoPages News Channels