OMG! ING! WTF?
Written By:
- Date published:
1:33 pm, November 18th, 2010 - 60 comments
Categories: business, spin -
Tags: anz national, banks
by Frank Macskasy
Last year, over 13,000 New Zealanders got some measure of satisfaction from ANZ’s part-owned ING in New Zealand. For over a year, half a billion dollars in investors’ funds had been locked up, during a nasty dispute between ING/ANZ and their investors.
The bad publicity for both ANZ and ING was incalculable and showed up the ANZ as a corporate entity quite willing to shaft their own customers.
But not to worry, ‘cos ANZ finally came up with the answer of how to overcome all that bad publicity – they changed ING’s name to “One Path”!!
Yup – a total re-branding of their subsidiary company. Evidently the “ING” brand name was now a rather smelly liability, and they’ve opted for a “make over”. (New website here)
I would have thought the new name, “One Path”, was rather unfortunate. For 13,000 investors, ING was the One Path to losing much of their life savings.
The ANZ has no such option, I guess. Their branding can’t be changed quite so easily. So they’ve taken to massive billboards and TV advertising, with the theme, “In a Perfect World…”
Of course, in a “perfect world”, investors in an investment company, belonging to a major bank, would not have been shafted as they were by the ANZ.
Thinks… maybe ANZ/ING would’ve caused less damage to their credibility and branding had they simply looked after their customers in the first place.
Thinks… that it takes a ‘leftie’ to remind a major corporation of the basics in how to look after a customer.
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- Govt gifts renters housing anxiety for Christmas
Today's passing of the Government's Residential Tenancies Amendment Bill–which allows landlords to end tenancies with no reason–ignores the voice of the people and leaves renters in limbo ahead of the festive season. ...1 week ago
- Release: National Party urged to support modern slavery legislation
Labour is urging the Prime Minister to walk the talk and support legislation combating modern slavery. ...2 weeks ago
- Release: Labour has lost confidence in the Speaker
The Speaker of the New Zealand Parliament made an unprecedented decision on the government amendment to the Fast Track Approvals Bill last night. ...2 weeks ago
- One year on, still no progress on new ferries
Today’s announcement from the Government on its plan for new ferries throws more uncertainty on the future of the country’s rail network. ...2 weeks ago
- Release: Nicola Willis’ smaller ferries will cost more
After wasting a year, Nicola Willis has delivered a worse deal for the Cook Strait ferries that will end up being more expensive and take longer to arrive. ...2 weeks ago
- Bill to sanction unlawful occupation of Palestine
Green Party co-leader Chlöe Swarbrick has today launched a Member’s Bill to sanction Israel for its unlawful presence in the Occupied Palestinian Territory, as the All Out For Gaza rally reaches Parliament. ...2 weeks ago
- Release: Labour fully supports greyhound racing ban
The Government has done the right thing in moving to ban greyhound racing. ...2 weeks ago
- Greyhound racing industry ban marks new era for animal welfare
After years of advocacy, the Green Party is very happy to hear the Government has listened to our collective voices and announced the closure of the greyhound racing industry, by 1 August 2026. ...2 weeks ago
- Rangatahi voices must be centred in Government’s Relationship and Sexuality Education refresh
In response to a new report from ERO, the Government has acknowledged the urgent need for consistency across the curriculum for Relationship and Sexuality Education (RSE) in schools. ...2 weeks ago
- Govt introduces archaic anti-worker legislation
The Green Party is appalled at the Government introducing legislation that will make it easier to penalise workers fighting for better pay and conditions. ...2 weeks ago
- Winston Peters – Kinleith Mill Speech
Thank you for the invitation to speak with you tonight on behalf of the political party I belong to - which is New Zealand First. As we have heard before this evening the Kinleith Mill is proposing to reduce operations by focusing on pulp and discontinuing “lossmaking paper production”. They say that they are currently consulting on the plan to permanently shut ...2 weeks ago - Swarbrick calls on Auckland Mayor to end delay of revival of St James Theatre
Auckland Central MP, Chlöe Swarbrick, has written to Mayor Wayne Brown requesting he stop the unnecessary delays on St James Theatre’s restoration. ...2 weeks ago
- He Ara Anamata: Greens launch Emissions Reduction Plan
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- Internationally-trained doctors jump at chance to boost health workforce
Health Minister Dr Shane Reti says Health New Zealand will move swiftly to support dozens of internationally-trained doctors already in New Zealand on their journey to employment here, after a tripling of sought-after examination places. “The Medical Council has delivered great news for hardworking overseas doctors who want to contribute ...14 hours ago - PM appoints business leader to APEC Business Advisory Council
Prime Minister Christopher Luxon has appointed Sarah Ottrey to the APEC Business Advisory Council (ABAC). “At my first APEC Summit in Lima, I experienced firsthand the role that ABAC plays in guaranteeing political leaders hear the voice of business,” Mr Luxon says. “New Zealand’s ABAC representatives are very well respected and ...2 days ago
- New intelligence oversight appointments
Prime Minister Christopher Luxon has announced four appointments to New Zealand’s intelligence oversight functions. The Honourable Robert Dobson KC has been appointed Chief Commissioner of Intelligence Warrants, and the Honourable Brendan Brown KC has been appointed as a Commissioner of Intelligence Warrants. The appointments of Hon Robert Dobson and Hon ...2 days ago
- New housing developments able to progress more quickly
Improvements in the average time it takes to process survey and title applications means housing developments can progress more quickly, Minister for Land Information Chris Penk says. “The government is resolutely focused on improving the building and construction pipeline,” Mr Penk says. “Applications to issue titles and subdivide land are ...2 days ago
- Actions to speed up air travel delivering results
The Government’s measures to reduce airport wait times, and better transparency around flight disruptions is delivering encouraging early results for passengers ahead of the busy summer period, Transport Minister Simeon Brown says. “Improving the efficiency of air travel is a priority for the Government to give passengers a smoother, more reliable ...2 days ago
- Ending contracted emergency housing in Rotorua
The Government today announced the intended closure of the Apollo Hotel as Contracted Emergency Housing (CEH) in Rotorua, Associate Housing Minister Tama Potaka says. This follows a 30 per cent reduction in the number of households in CEH in Rotorua since National came into Government. “Our focus is on ending CEH in the Whakarewarewa area starting ...2 days ago
- Vocational education and training decisions support return to regions
The Government will reshape vocational education and training to return decision making to regions and enable greater industry input into work-based learning Tertiary Education and Skills Minister, Penny Simmonds says. “The redesigned system will better meet the needs of learners, industry, and the economy. It includes re-establishing regional polytechnics that ...3 days ago
- Reducing the environmental impact of synthetic refrigerants
The Government is taking action to better manage synthetic refrigerants and reduce emissions caused by greenhouse gases found in heating and cooling products, Environment Minister Penny Simmonds says. “Regulations will be drafted to support a product stewardship scheme for synthetic refrigerants, Ms. Simmonds says. “Synthetic refrigerants are found in a ...3 days ago
- Ngāruawāhia section of Waikato Expressway back to 4 lanes for Christmas
People travelling on State Highway 1 north of Hamilton will be relieved that remedial works and safety improvements on the Ngāruawāhia section of the Waikato Expressway were finished today, with all lanes now open to traffic, Transport Minister Simeon Brown says.“I would like to acknowledge the patience of road users ...3 days ago
- Appointments to the ENZ board
Tertiary Education and Skills Minister, Penny Simmonds, has announced a new appointment to the board of Education New Zealand (ENZ). Dr Erik Lithander has been appointed as a new member of the ENZ board for a three-year term until 30 January 2028. “I would like to welcome Dr Erik Lithander to the ...3 days ago
- Government to celebrate Waitangi Day around NZ
The Government will have senior representatives at Waitangi Day events around the country, including at the Waitangi Treaty Grounds, but next year Prime Minister Christopher Luxon has chosen to take part in celebrations elsewhere. “It has always been my intention to celebrate Waitangi Day around the country with different ...3 days ago
- More gangs added to Gangs Act list
Two more criminal gangs will be subject to the raft of laws passed by the Coalition Government that give Police more powers to disrupt gang activity, and the intimidation they impose in our communities, Police Minister Mark Mitchell says. Following an Order passed by Cabinet, from 3 February 2025 the ...3 days ago
- Judicial appointment announced
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- GDP data highlights importance of growth
The latest economic figures highlight the importance of the steps the Government has taken to restore respect for taxpayers’ money and drive economic growth, Finance Minister Nicola Willis says. Data released today by Stats NZ shows Gross Domestic Product fell 1 per cent in the September quarter. “Treasury and most ...3 days ago
- Strengthening Free Speech in Universities
Tertiary Education and Skills Minister Penny Simmonds and Associate Minister of Education David Seymour today announced legislation changes to strengthen freedom of speech obligations on universities. “Freedom of speech is fundamental to the concept of academic freedom and there is concern that universities seem to be taking a more risk-averse ...4 days ago
- Launch of Emergency Cellular Priority Service
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- Minister reopens Mangamuka Gorge
State Highway 1 through the Mangamuka Gorge has officially reopened today, providing a critical link for Northlanders and offering much-needed relief ahead of the busy summer period, Transport Minister Simeon Brown says.“The Mangamuka Gorge is a vital route for Northland, carrying around 1,300 vehicles per day and connecting the Far ...4 days ago
- Funding confirmed for second Ashburton Bridge
The Government has welcomed decisions by the NZ Transport Agency (NZTA) and Ashburton District Council confirming funding to boost resilience in the Canterbury region, with construction on a second Ashburton Bridge expected to begin in 2026, Transport Minister Simeon Brown says. “Delivering a second Ashburton Bridge to improve resilience and ...4 days ago
- Government boosts support for avian influenza response
The Government is backing the response into high pathogenic avian influenza (HPAI) in Otago, Biosecurity Minister Andrew Hoggard says. “Cabinet has approved new funding of $20 million to enable MPI to meet unbudgeted ongoing expenses associated with the H7N6 response including rigorous scientific testing of samples at the enhanced PC3 ...4 days ago
- Levelling the playing field for media advertising
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- Inspector-General of Defence appointed
Today the House agreed to Brendan Horsley being appointed Inspector-General of Defence, Justice Minister Paul Goldsmith says. “Mr Horsley’s experience will be invaluable in overseeing the establishment of the new office and its support networks. “He is currently Inspector-General of Intelligence and Security, having held that role since June 2020. ...4 days ago
- Fire and Emergency New Zealand final levy rates confirmed
Minister of Internal Affairs Brooke van Velden says the Government has agreed to the final regulations for the levy on insurance contracts that will fund Fire and Emergency New Zealand from July 2026. “Earlier this year the Government agreed to a 2.2 percent increase to the rate of levy. Fire ...4 days ago
- More AML relief on the way for Kiwi businesses
The Government is delivering regulatory relief for New Zealand businesses through changes to the Anti-Money Laundering and Countering Financing of Terrorism Act. “The Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill, which was introduced today, is the second Bill – the other being the Statutes Amendment Bill - that ...4 days ago
- Hawke’s Bay Expressway moving at pace
Transport Minister Simeon Brown has welcomed further progress on the Hawke’s Bay Expressway Road of National Significance (RoNS), with the NZ Transport Agency (NZTA) Board approving funding for the detailed design of Stage 1, paving the way for main works construction to begin in late 2025.“The Government is moving at ...4 days ago
- Government seeks partnerships to plant trees on Crown-owned-land
The Government today released a request for information (RFI) to seeking interest in partnerships to plant trees on Crown-owned land with low farming and conservation value (excluding National Parks) Forestry Minister Todd McClay announced. “Planting trees on Crown-owned land will drive economic growth by creating more forestry jobs in our regions, providing more wood ...4 days ago
- Wide ranging legislation to make justice system more efficient
Court timeliness, access to justice, and improving the quality of existing regulation are the focus of a series of law changes introduced to Parliament today by Associate Minister of Justice Nicole McKee. The three Bills in the Regulatory Systems (Justice) Amendment Bill package each improve a different part of the ...4 days ago
- Diverse skills in community trust appointments
A total of 41 appointments and reappointments have been made to the 12 community trusts around New Zealand that serve their regions, Associate Finance Minister Shane Jones says. “These trusts, and the communities they serve from the Far North to the deep south, will benefit from the rich experience, knowledge, ...4 days ago
- Torture redress for survivors of the Lake Alice Unit
The Government has confirmed how it will provide redress to survivors who were tortured at the Lake Alice Psychiatric Hospital Child and Adolescent Unit (the Lake Alice Unit). “The Royal Commission of Inquiry into Abuse in Care found that many of the 362 children who went through the Lake Alice Unit between 1972 and ...4 days ago
- A busy year in the House
It has been a busy, productive year in the House as the coalition Government works hard to get New Zealand back on track, Leader of the House Chris Bishop says. “This Government promised to rebuild the economy, restore law and order and reduce the cost of living. Our record this ...5 days ago
- Consultation opens on working with engineered stone
“Accelerated silicosis is an emerging occupational disease caused by unsafe work such as engineered stone benchtops. I am running a standalone consultation on engineered stone to understand what the industry is currently doing to manage the risks, and whether further regulatory intervention is needed,” says Workplace Relations and Safety Minister ...5 days ago
- Greater reporting on Treaty settlement commitments
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- New appointments to the Charities Registration Board
Mr Roger Holmes Miller and Ms Tarita Hutchinson have been appointed to the Charities Registration Board, Community and Voluntary Sector Minister Louise Upston says. “I would like to welcome the new members joining the Charities Registration Board. “The appointment of Ms Hutchinson and Mr Miller will strengthen the Board’s capacity ...5 days ago
- Building consent processing times improve
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- Faster access to support through Innovation Fund
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- New Zealand to assist Vanuatu on earthquake response
New Zealand is providing Vanuatu assistance following yesterday's devastating earthquake, Foreign Minister Winston Peters says. "Vanuatu is a member of our Pacific family and we are supporting it in this time of acute need," Mr Peters says. "Our thoughts are with the people of Vanuatu, and we will be ...5 days ago
- Government takes steps to reduce card fees for Kiwis
The Government welcomes the Commerce Commission’s plan to reduce card fees for Kiwis by an estimated $260 million a year, Commerce and Consumer Affairs Minister Andrew Bayly says.“The Government is relentlessly focused on reducing the cost of living, so Kiwis can keep more of their hard-earned income and live a ...5 days ago
- Review recommends ECE regulation shakeup
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- Offshore Renewable Energy Bill passes first reading
The Government‘s Offshore Renewable Energy Bill to create a new regulatory regime that will enable firms to construct offshore wind generation has passed its first reading in Parliament, Energy Minister Simeon Brown says.“New Zealand currently does not have a regulatory regime for offshore renewable energy as the previous government failed ...5 days ago
- Local Government (Water Services) Bill passes first reading
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The big banks are not here to look after either the Righties or the Lefties, just their own shareholders and Board.
Now the Lefties realise this but its always interesting to see the Righties look so completely surprised when they too get caught in the oncoming corporate headlights.
Bloody hell CV, you’re busy – don’t you have a job?
I have friends who lost their life savings to these bastards. Don’t for a minute think the “righties” support these pricks. ANZ are the least favoured bank by NZ businesses – and rightly so. They have now stuffed National Bank with their Aussie “screw kiwi business” attitude.
The best thing Labour did was Kiwibank, now all it needs to do is go after business customers.
I am sure you know this but the biggest opposition to bank bailouts in the US is not from the Democrats but the right wing Tea Party.
The Banking Ombudsman guaranteed a full refund to everybody who complained to the Ombudsman about this case! Everybody! Tell your friends to complain now.
The Banking Ombudsman did not guarantee that. The system of compensation muddled and piecemeal. While some people did get a full refund, many did not. Many people got only 60 per cent. Some, it is not known how many, got nothing at all. And to get anything at all, it took a hell of a fight.
This is nothing to do with the political left or right. This was a financial scam. Just like people who run Ponzi schemes, ANZ/ING thought their scam would run for ever. But they got caught.
A big problem as that there are still people around who refuse to believe that bankers who wear grey suits can have less integrity than Mother Theresa.
OK, fair enough Sib, let me rephrase it – that’s what I was told by people I know personally who were awarded full compensation by the Ombudsman.
I agree with you though – it was a scam. It damn well was a scam because those RIF’s and DYF’s were all investing in fraudulent CDO’s and other exotic, toxic, derivative based investment vehicles. You can’t tell me that ING and ANZ didn’t know what they were doing – both of those Financial institutions have been around long enough – ripping people off long enough to know a rip off when they see it. Maybe the old saying is right – when the tide goes out we can see who’s been swimming naked – maybe ANZ/ING were just naked!
I missed the tea party types pushing for banking reform though. And I guess their new goppy branded tea party congress critters are going to get right on top of the foreclosure debacle, and tell the banks that if the lost the paper work proving a homeowner owes them money then tuff. Home owner keeps his house and banker takes a bath and should keep his books better next time.
Amirite?
Absolutely!!!
“Watch A [Fraudclosure] Protester Flip Out On JP Morgan Exec During Senate Banking Committee Hearings Yesterday”
Even better Crash JP Morgan: youtube: Gonna Cut You Down JP Morgan
grumpy 😀
I can highly recommend marrying into wealth 😀
The Tea Party never used to be particularly Right Wing but overtime big money Right infiltrated it and it is today what it is.
“I can highly recommend marrying into wealth”
So are you just one of those rich pricks using left wing blogs as part of a guilt trip?
Dude, I’m very surprised at you playing the Politics of Envy and Greed card, aren’t you happy for me? Don’t be jealous, I’ve taken individual responsibility to get where I am 😀
Seriously good comment.
Good on ya mate – what’s wealth for if it’s not put to good use!
Yeah, good onya mate.
While they’ve screwed the many to get to where they are
You’ve screwed the few of them. Or just one
You’ve come off the smarter
(Forgive me, female readers)
Ho ho, I’m so glad I saw this comment, so much explained in one sentence… The hypocracy is delicious…
Turns out all your implications you run a business or have a successful career, all just bluster, you’re real talents are posting on other people’s blogs and sponging off the spouse…
I guess in your world it doesn’t matter how much you take the sucessful will always go out and make more for you…
Life must be tough as a guilt ridden, wealthy, white liberal…
Don’t believe all you read here. Tongue/cheek/diversion
Maybe but I enjoy needling CV almost as much as CV enjoys needling me..!
Jeremy, didn’t pick you out as one to be jealous of someone else’s success! Envy is not a good trait my friend, and I didn’t think you would be playing the Politics of Envy 😯
You really are good at this, have you thought of taking up something a bit more challenging – like politics? Matt could do with a bit of help to go with Hone.
As long as I can still be at my darling’s beck and call, gotta keep the women in your life happy you know its (literally) like a full time job
Jeremy, you seem to be implying that CV achieving financial security somehow doesn’t count. Are you saying you measure financial success differently depending on how one arrives at it?
I’d be very interested to know your philosophical basis for this. If CV’s financial achievement doesn’t count, who’s does? Let’s see how committed you are to this stance. Genuine question.
I don’t believe in dynastic wealth, I hope my parents give all their money away or to my brothers…
If it’s true and CV is married to money, more power to him… I certainly believe it’s his family’s money to spend however they want, I certainly don’t believe I have a right to anyone else’s legally acquired wealth no matter how they came by it…
However, I do believe a self made fortune is better than inherited wealth, the self acquirer is more likely to put the wealth to good use expanding the economy and creating wealth and jobs for all…
Would you strongly support land taxes and inhertiance taxes to break down dynastic wealth?
No… I don’t believe I have the right to take other people’s legally acquired property by force…
Do you believe the market will make it happen?
No, there is no market in people’s decisions upon death…
Hmm, sounds like a market failure then. All that inherited wealth and land going to waste. Who’d have thought that the market isn’t perfect, and that intervention could improve things.
In other news, do you believe taxation is taking people’s legally acquired propery by force?
Well as already pointed out, there is no market in what people elect to do with their things after death…
Whoever said markets are perfect..?
It really is none of your or my business what people do with their stuff after they die, taking money off widows with the threat of imprisonment is hardly what I’d call “improving things”…
There are a few things only the government can only provide, economically and morally… Taxes seem the most practical way to pay for them…
Sorry Jeremy, I don’t follow.
In what sense is CV’s fortune not “self made”?
It’s not rocket science, did CV personally increase NZ’s producivity, wealth and job numbers by introducing a new product or service, creating a new product or service, reducing the cost of an existing product or service or invest wisely to allow others to do so or did CV marry someone who had (or their ancestors had)..?
Look, I don’t want to be impolite Jeremy, but go take a hike. I’ve put in a tonne of personal sweat and effort to get to where I am today, and I do not need a wrecker and a hater like you to cleverly talk down my achievements.
Its not my problem (or indeed my responsibility) to ‘create new products and services’, ‘to increase NZ’s productivity and job numbers’ etc!!! It is to get wealthy and make myself a success, now if I can do it by own efforts and marry into wealth than everyone else can too by taking some frakin personal responsiblity for their lives, what a bunch of bludgers.
I am amazed at the jealousy I am hearing. Why would you even suggest that I have some kind of responsibility to add one whit to the wider economy in my quest for financial success. Its not just me, plenty of other people have made it this way too. The wealth was already there, why bother growing it, just reach out and take it. Pardon me, but anyone who complains about this is just an envious slacker IMO.
I’ll have to agree here Jeremy – take a few minutes to go over CV’s posts – whatever his financial situation CV has consistently demonstrated a concern for the rest of his/her (sorry mate – not sure of gender) fellow New Zealand citizens. Honestly, take a minute and have a look.
If CV is independently wealth because he/she happened to fall in love with and marry somebody who’s family is independently wealthy – and then chooses to use that time to promote economic and political democracy as well as an economy that promotes a widening and deepening of the middle class so we can all enjoy the benefits of living in God’s Own (godzone) at the expense of the elites and the banksters – then more power to him/her!
By the way, I’ve had to eat humble pie myself with at least one other poster on this forum – can’t seem to disagree with them on pretty much well anything today – but that’s cool.
Cheers CV, have a beer on me.
@nzfp, I don’t doubt CV cares but I believe his socialist viewpoint usually hurts the very people who the big government programme is aimed at… If CV is wealthy – great..! I bear no jealousy or animosity…
I don’t personally support land taxes for the same reason I don’t support an ongoing tax on someone buying a plant for their garden, or on the milk in their fridge – property ownership shouldn’t be conditional on paying ongoing taxes that, if the taxes are not paid, is taken from you by force… You don’t really own something in that case…
@Felix have you ever tried making money just for yourself without providing something in return..? It is possible at the moment because of the current monetary system and the government monopoly of currency (I don’t support this) but generally you must provide one of the services I describe above to acquire wealth, the other options are inheritance or fraud…
You asked how I ranked entreprenuership and inheritence and I believe entreprenuership is more benefical for society, inheritance is people’s personal choice and fraud is force which should be dealt with by the legal system… This is just my personal opinion…
Thanks for that nzfp, appreciated. Monteiths works for me 😀
Hi Jeremy, always a good tustle mate.
I really can’t tell exactly how much you’re taking the piss at this point… Satire so clever no one can tell..?
Felix asked me a question and I answered it…
“did CV personally increase NZ’s producivity, wealth and job numbers by introducing a new product or service, creating a new product or service, reducing the cost of an existing product or service or invest wisely to allow others to do so”.
Did you?
Hey ya Jeremy,
You seem to have contradicted yourself in this thread. This is not a negative criticism – just something I would like you to think about.
Consider your earlier response in the following:
And then further along you stated:
The thing to consider is that all of the Classical Economists – the great English Economist and arguably the most influential of the Classical economists David Ricardo in particular – as well as Adam Smith (Maxim IV on taxes), John Stuart Mills, The French Physiocrats right up to Henry George, not to mention many many others, all advocated land taxes.
The point is, that these economists – as well as many many others – recognised that land is a resource that is not produced by men, but is provided freely by nature, just as water and air and sunlight are provided freely, consequently wealth generated from owning land was defined by these economists as a “free lunch”.
American economist “Professor Michael Hudson” best describes it in a recent interview (June 25, 2008), with radio host “Bonnie Faulkner” on the “KPFA” show “Guns and Butter”
You can listen to the entire interview here: “Michael Hudson — The New Road To Serfdom”
Hudson states (read the transcript here):
Just some food for thought for you.
Captcha:got – got land tax?
Jeremy I’m still struggling with this idea.
Are you saying that I can’t just get rich by amassing a lot of money?
Are you saying I have to perform some specific act that you or “society” can identify, or my money is no good?
Why can’t I just make money for myself?
Answer above (still stuffing up these replies from time to time)…
Some of us are old money, we don’t need to actually have money kiddo 😛
And according to the guys over at The Exile, the Tea Party was entirely astro-turfed and exploited populist memes. Can’t be arsed finding the link right now, jus want to sit back with a cold beer and a good book 😛
REbrand!!
But the TV ad says they still have the same people running the product.
That sounds like a really good idea.
The Campaign Against Foreign Control of Aotearoa (CAFCA) proudly awarded the 2009 “Roger Award For The Worst Transnational Corporation operating in New Zealand” to ANZ.
The judges noted:
But specifically for ANZ the judges stated that:
The Roger award is named after former New Zealand Finance Minister Sir Roger Douglas. The criteria for judging are by assessing the transnational (a corporation with 25% or more foreign ownership) that has the most negative impact in each or all of the following categories:
Congratulations ANZ for a job well done and a well deserved award! *Applause* Hear hear!
Captcha:irritates
I lol’d
Yeah the whole Roger award is hilarious – understated New Zealand pissed off sarcasm at its very best!
Murray Horton always was a clever bastard, well written and very accurate.
Imagine how good our balance sheet would be if we joined as a state of Australia on the Aussie Dollar..!
We’re already on the Federation documents…
Adopting the current strength of the Australian dollar would destroy over two thirds of our remaining high tech exporters.
But yeah, our balance sheets would look real good.
The comment was tongue in cheek… I so often forget that tone, sarcasm etc doesn’t translate well online, when it’s in your head and you say something face to face it comes out in your mannerisms, tone, body language, etc… None of that online…
Ah, thats what the [sarcasm] tags are for 😀
I worry of turning into Spud if I unleash the emoticon beast…
It is an art. Even if you aren’t a talented wordsmith (like me), you learn how to project tone and personaility in written language over time. In my case about 30 years.
Code is a lot more fun. You can express so much more (and influence organizational structures) in a dynamic that operates.
“Evidently the “ING” brand name was now a rather smelly liability, and they’ve opted for a make over.”
Actually, ANZ bought 100% of ING’s NZ division a year ago. As part of the deal, it was a stipulation from ING that ANZ must change the company’s name.
Nothing to do with one badly sold mortgage-backed investment product by ANZ staffers. Everything to do with not letting someone run around with your international brand when you have no control over the company anymore.
Coz god knows they wouldn’t want it associated with anything shady. 😉
“…Nothing to do with one badly sold mortgage-backed investment product by ANZ staffers. Everything to do with not letting someone run around with your international brand when you have no control over the company anymore….”
Especially when that Brand Name is no longer popular with investors?
Just a quick question….is the Frank Macskasy the same Frank Macskasy who was convicted of stealing a dead babies name like dirty David Garrett, or is that just a unhappy coincidence?
If it is then hugely funny for The Standard to allow a post from someone with the same devious background as David Garrett.
http://lindsaymitchell.blogspot.com/2006/04/same-frank-macskasy.html
[lprent: If it is the same guy, he got convicted on 20 years ago without knowingly lying about his previous record to a judge in a written statement (ran across the name when Garrett was being pilloried).
Everyone has done some stupid things in life when they’re youngish – it is how you learn. It is rather different when you get to be Garrets age and stupidly attempt to gameplay a judge with a statement full of hypocritical bullshit. But of course you’d know all about that wouldn’t you?
But in any case, I really don’t care – that person paid the penalty of stupidity.
It was an interesting post and we generally leave all of the fictional smearing of shit without any trace of integrity to you. ]
Well, you’re a convicted crim and you’re allowed to comment here, so what’s the prob?
Did he lie about his record to the judge to escape conviction?
Did he deliberately break the law to make a point, and then cry and whimper that he wasn’t breaking the law, and get convicted anyway?
Just a quick question… is Whaleoil interested in addressing the issues or playing the person?
Because it seems to me rather more important that 13,000 of our fellow New Zealanders lost their savings (or a large chunk of it) to ANZ/ING by misrepresenting a financial product.
I simply hope that ING’s reputation will follow into it’s new incarnation – One Path – so that potential investors enter into dealings with their eyes wide open.
But not to worry, ‘cos ANZ finally came up with the answer of how to overcome all that bad publicity – they changed ING’s name to “One Path”!!
I immediately thought of the Shining Path (Peruvian guerillas?). ANZ strategic managers are probably insensitive to such struggles and the effect that embedded connections might have on their brand.