Snr. Winner69
You happy to be personal responsible for your govments actions, yes? You own NZ!
Printable View
Snr. Winner69
You happy to be personal responsible for your govments actions, yes? You own NZ!
On one hand they did show remorse to unsecured creditors. Nzog paid those prc debts out of insurance. Prc has a new debt and usually Employees wage's and tax ranks above unsecured creditors in a liquidation.
On the other hand nzog largesse towards unsecured creditors means the pot is now empty for employees.
Nzog took the moral high ground with unsecured creditors. Seems they have left that ground now. Says a lot about nzog holders.
Brucey , in a sense we are but may not be happy about it. For example if the justice system makes a mistake the government can pay compensation. Except we know the government doesn't actually pay. We, the tax payers do. We either pay more tax. Or money that would have got spent on say hip surgery for old folks doesn't get spent.
That's a price we tax payers pay for the actions and mistakes of our government
That may be so, but NZOG did not make a mistake and as such should not have to pay for the failings of Pike River Coal Ltd. Pike River Coal Ltd and directors and management et al should be liable. Not owners of Pike. Why not get compensation from all Pike Shareholders, rather than just target NZOG.
The guy lives in cloud cuckoo land.
He was totally out of touch with reality and getting kicked out of the Board in such a fashion points to the dysfunctional state NZOG has been in for the last 5 years at least.
That's why Pike River Coal disaster and tragedy happened - a dysfunctional, incompetent and fat cat Board and management.