The end of Kiwishare

The autocratic National government is changing the Kiwishare obligation of Telecom without consultation or notice. They say obligations will be the same, but they will no longer be legal restrictions, but changeable company “deeds”.

Anyone else make a connection?

Last year, Telecom screws over its engineers. Decides to make them dependent contractors. EPMU wins real jobs for most of them. Better contract conditions for others. But a sh*tload of experienced engineers say screw Telecom and leave the industry. Then the faults start. XT becomes a laughingstock. Customers leave in droves. Next, profit warning.

‘Atlases’ don’t deserve a tax cut

This man is Paul Reynolds, CEO of Telecom. He has overseen the largest corporate disaster in recent New Zealand history. The Nats are planning to give him over $6,600 a week in tax cuts. Apparently this screw up on a $7 million salary is the kind of guy New Zealand needs.

Industrial roundup: Telecom

Visionstream completed its takeover of the Auckland and Northland patch on Thursday and it’s now become clear that they’ve failed to meet the […]

No pay freeze at the top

It seems the trend of rewarding company bosses with extravagant pay rises regardless of performance isn’t limited to Telecom’s $7 million man, Paul […]

First we sack you then we spy on you

The Sunday Star Times reports [page 4, currently offline] that Telecom has hired a private investigation company, Corporate Investigations, to spy on the […]

More on the Commerce Commission

On Thursday I linked to a piece in the NBR that suggested Simon Power’s appointment of Dr Mark Berry to replace Paula Rebstock […]