Forum Archive Index - March 2000

["G Christie" <bayvu@ihug.co.nz>]

Bill (sorry, Sir Bill) Birch had a bit to do with organising these asset
sales. Fancy getting knighted for selling N.Z.'s assets out o'seas. For
goodness sake.
-----Original Message-----
From: Derek Watt <dkw@paradise.net.nz>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Saturday, 11 March 2000 14:10
Subject: Re: Re: [sharechat] AIA


>
>>We have already seen a previous NZ government follow silly
>>broker advice in hocking off a big chunk of AIA to overseas
>>investors who promptly sold out at a much higher price to
>>NZ investors who couldn't get an allocation.
>
>As it happens Hugh I feel strongly about this.
>
>This happened with Contact as well, the decision makers
>responsible should be sacked, no question in my mind at all.
>
>If they are no longer in positions of power then they should
>be held up for public ridicule. They screwed up, so there should
>be some reckoning to stop people in similar positions doing
>the same thing OVER and OVER again.
>
>The were not accountable and have had little or no public scrutiny,
>Does anyone even know who the people who make such decisions are?
>
>This sort of thing does NOTHING for the state of our
>sharemarket, makes us a JOKE amoung overseas investors and
>worst of all loses NZ investors LOTS of money.
>
>Derek W
>
>
>
>
>
>-----------------------------------
>Derek Watt
>http://members.tripod.com/DKWatt/
>-----------------------------------
>
>
>
>
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