NZ political elite push austerity and job cuts, raise own salaries

Discussion in 'General Discussion' started by BlackUnicorn, Dec 2, 2012.

  1. BlackUnicorn Member

    Just putting together a few articles:

    Foreign Affairs:
    “The increase took Mr Allen’s salary to between $620,000 and $630,000 a year.”
    “”And I’ve never done a job for the money.”
    “He did not think it was a bad look to take the increase, saying the changes at Mfat were necessary and beneficial for New Zealand.”
    Meridian Energy:
    “Former Meridian Energy chief executive Tim Lusk was paid $1.37 million, including more than $800,000 in bonuses, during his last six months with the state-owned power company.
    Mr Lusk’s pay during a period when Meridian’s profits fell sharply was disclosed in its annual report, which also revealed the company’s generous pay to other top executives.”
    “But the year to June was not a good one for Meridian, New Zealand’s largest power company. Its net profit fell from $303.1 million to $74.6 million.”
    Mighty River Power:
    “Mighty River chief executive Doug Heffernan – already one of the highest-paid bosses on the Government’s payroll – is to receive a $500,000 bonus after steering the company through its partial privatisation next year.”
    “Green Party co-leader Russel Norman said Dr Heffernan’s retention bonus was “incredible”.
    “Who’s going to pay for it? Electricity consumers. It’s yet another cost to the Government’s privatisation programme.”
    Dr Norman said the bonus came at a time when many New Zealanders were struggling.
    “We’ve already got a problem with massive inequality, and part of that is because of the overpaying of top-end wages.”

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