On Sun, 4 Feb 2024 02:09:00 -0000 (UTC), Tony
<
lizandtony@orcon.net.nz> wrote:
Rich80105 <Rich80105@hotmail.com> wrote:
On Sat, 3 Feb 2024 19:51:30 -0000 (UTC), Tony
<lizandtony@orcon.net.nz> wrote:
I have removed your personal diatribe against the author and your blatant >political comments.
Perhaps you could have a little lie down compose yourself and see whether you >can, for perhaps the first time this year, actually address the content. >Gentle readesr (does not include Rich) don't hold your breath!
Happy to oblige you Tony. I am sorry that you deleted my comments, but
if you had sought advice you could have learned how to recover them
yourself.
It is possible that you may not agree with everything I say, but I am
sure you would agree that this would merely be an opportunity for you
to explain your own views, should you be able to articulate such
differences of course . . . Over to you!
Damien Grant is consistently far-right in his attitudes, but in his
contempt for Jenny Shipley he is merely adopting one of the mantras of
the far right in turning on one of his own when things go wrong. Yes
she chaired the Board that made egregious mistakes, but in being
hopefully the last of those appointments based on other than business
acumen he unfairly blames her for the mistakes of the whole Board. It
does seem to be the mantra of the far right that position provides
competence, even when in the case of Shipley and now Luxon, it clearly
doesn't.
He then links the failure of Shipley and her fellow Directors to a
change in law that used the words : To avoid doubt, in considering
the best interests of a company
a director may consider matters
other than the maximisation of profit (for example, environmental,
social, and governance matters).
The shareholders of Mainzeal may well have wished that Shipley et al
had indeed avoided the high risk (but possibly in their eyes
potential for high reward) decisions that led to the failure - what
they missed was taking their shareholders with them - that balance
between short and long term; between high risk and high reward, or no
risk no reward.
Damien Grant makes his living from business failures; his lack of
insight is troubling; as is the shallowness of his analysis - which
perhaps explains his political leaning towards simplistic answers to
all questions. Grant does get boring Tony, doesn't he. . .
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