Forum Archive Index - September 2001

["Colin Ross" <ceejaynz@xtra.co.nz>]

I have a tape of that programme if anyone would like it....

 

Please indulge me and allow me to repeat my favourite one-liner

 

Turnover is for vanity - Profit is for Sanity "

 

 

Ceejay

 

 

----- Original Message -----

From: Phil Boeyen <pboeyen@sharechat.co.nz>

To: <sharechat@sharechat.co.nz>

Sent: Friday, September 21, 2001 10:38 AM

Subject: [sharechat] Air NZ- hindsight

> I thought TVNZ did a good job in its 
overview of the Air NZ saga on
> Assignment last night, did anyone else 
catch it?  One thing that doesn't
> seem to have come out yet is what 
kind of legal deal was in place for SIA to
> make good on its promise of 
paying $1.31 for the airline.  Jim Farmer seemed
> keen to make the 
point that he thought they had definitely reneged, although
> I am sure 
any offer would have had a number of conditions attached that SIA
> could 
(and obviously did) use to withdraw that price.
> 
> One of the main 
reasons for the purchase of Ansett that has also been given
> is the value 
of the "feeder routes" for travel to this country, although
> with most of 
Australia's population in centres which are served directly by
> Air NZ 
trans-Tasman routes, I consider this a bit of a red herring.
> 
> At 
issue too is the business premise that bigger is better, which was a 
main
> reason for Air NZ to look across the Tasman in the first 
place.  Same
> concept applies for Telecom and various other 
companies.  There's a common
> train of thought that businesses 
should either grow or die, but is the
> market's constant demand for 
growth putting pressure on NZ companies to take
> much bigger risks than 
they are either financially, or managerially, capable
> of 
handling?
> 
> Phil
> 
> 
> 
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