Forum Archive Index - October 2001

["Ruth Ayling" <r.ayling@paradise.net.nz>]

Hi Noel & Ben,

I agree with your sentiments entirely. The whole fiasco shows the paucity of talent in the management of Air NZ .In spite of some comments to the contrary, I maintain that these personages had no moral  justification whatsoever in accepting bonuses.Not that my indignation stopped me buying Air NZ shares at bargain basement prices, of course :-)) Noel, I liked your comment regarding Brierley, & I think that shareholder was right. We need wealth creators, not asset strippers.

Ruth

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

From: noel.parker

To: sharechat@sharechat.co.nz

Sent: Tuesday, October 02, 2001 12:16 PM

Subject: [sharechat] Air New Zealand-a comparison

Yes, Ben.  It's a case of greed and self-interest above the interests of the company and the shareholders.  Unfortunately, this is not uncommon in New Zealand companies at present.  As a shareholder ( rightly or wrongly) once observed in respect of Brierley, " the company is being run for the benefit of the management, rather than for the benefit of the shareholders".