The awards were well deserved, going to a bunch of the Biggest Oligopolies in the land. Lets be fair - some are trying hard for better Main Stream Media Headlines by doing such benevolent "Corporate Social Sustainability". It may help stop raging public anger at their prices. So The Snowflake Sustainability Leadership Award went to Spark's CEO. Below is Spark's share price - gosh it is down nearly 50% over the year. Its not what you think. That plummeting price is something to celebrate, since it appears it was done in the name of "sustainability". Lets trust more Big Kiwi Companies also show such outstanding leadership.
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And wasn't it great to see the judges recognizing Oliver Hartwich, Executive Director of The NZ Initiative for "his contribution to NZs public policy dialogue on issues such as education, health, immigration & housing". In case you didn't know, when the Nats came to power they hadn't prepared much in the way of policies - but hey, that didn't matter since the Initiative kindly photocopied its reports - on High Income Dismissal Reform, school curricula - you name it, they had it, and Bob's Your Uncle - it was ready to go. The Initiative's Education Man was drafted in by the Coalition to Chair its Ministerial Advisory Group on school curricula & the Initiative's Senior Economist, Matt Burgess, hopped over the road to be the PM's economics adviser. That's why the Nats don't need to ask anyone else for economics advice these days - the Initiative has it sorted. Its run by two lawyers - what better types. And should the PM or Finance Minister have queries about Big Banks or Big Supermarkets, its just a quick call to the Initiative's Directors who've served as Chairs of Big Banks & Directors & CEOs of the Big Supermarkets. Deloitte's must be commended for its amazing service to the community - not just for doing our accounts - but for pursuing the wider social good.
Sources:
https://www.deloitte.com/nz/en/about/media-room/2024-deloitte-top-200-award-winners-announced.html
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And wasn't it great to see the judges recognizing Oliver Hartwich, Executive Director of The NZ Initiative for "his contribution to NZs public policy dialogue on issues such as education, health, immigration & housing". In case you didn't know, when the Nats came to power they hadn't prepared much in the way of policies - but hey, that didn't matter since the Initiative kindly photocopied its reports - on High Income Dismissal Reform, school curricula - you name it, they had it, and Bob's Your Uncle - it was ready to go. The Initiative's Education Man was drafted in by the Coalition to Chair its Ministerial Advisory Group on school curricula & the Initiative's Senior Economist, Matt Burgess, hopped over the road to be the PM's economics adviser. That's why the Nats don't need to ask anyone else for economics advice these days - the Initiative has it sorted. Its run by two lawyers - what better types. And should the PM or Finance Minister have queries about Big Banks or Big Supermarkets, its just a quick call to the Initiative's Directors who've served as Chairs of Big Banks & Directors & CEOs of the Big Supermarkets. Deloitte's must be commended for its amazing service to the community - not just for doing our accounts - but for pursuing the wider social good.
Sources:
https://www.deloitte.com/nz/en/about/media-room/2024-deloitte-top-200-award-winners-announced.html
Professor Robert MacCulloch holds the Matthew S. Abel Chair of Macroeconomics at Auckland University. He has previously worked at the Reserve Bank, Oxford University, and the London School of Economics. He runs the blog Down to Earth Kiwi from where this article was sourced.
4 comments:
I think I deserve an award for being a peasant.
In my seventies working my butt off and facing up to many of lifes challenges including Gabrielle.
These oligopolies pat themselves on the back while me and my mates get on with living.
These MacCulloch pieces are getting a bit tedious. He is writing the same thing over and over again. Maybe he is frustrated nobody is listening to him.
Au contraire Anonymous @ 2:05pm, I think it marvellous he is slaying all these sacred cows. His arguments are cogent and succinct. Who wouldn't feel frustrated in that position - highlighting stupidity and advocating for sensible policy with all the dolts carrying on arranging the deck chairs while ...
Rob, as an investor, often share prices are not linked to a company over the short term. Ie has sparks business changed 50% like its share price has? Perhaps spark was a little overvalued at $5. I have started buying spark stock at these prices as I believe that it's dropped too much and common sense will re rate spark. Do I care about the woke brigade, yes and I'm wary as to what effect that might have, but I do believe spark is valued at more than $3, especially if they continue to pay their current dividend, it's yielding over 10%.
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