Wee gripes

Written By: - Date published: 11:30 am, September 1st, 2009 - 16 comments
Categories: uncategorized - Tags:

Seeing as Zet’s taken to writing serious posts these days, I thought I’d try my hand at a few wee gripes:

– I see Larry Baldock’s still crying about the stupid, leading question on the smacking referendum being ignored, while Family First continues to run full page ads in the newspaper whining that the Government won’t listen to same stupid, leading referendum question.

Don’t these people have anything better to do with their time? The way they’re carrying on you’d think their Christian fundamentalist backers in the US were demanding a return on their investment.

– Is it just me or does anyone else find it kind of repulsive that in the same week it’s revealed Telecom CEO Paul Reynolds is screwing Kiwis out of $7 million a year, Business Roundtable director Roger Kerr devotes his entire Dom Post column to complaining that the minimum wage is too high?

For some context, it takes Paul Reynolds a day and a half to make what a person on the minimum wage earns in an entire year.

– Do you reckon next time Matt McCarten wants to go on Morning Report as a political commentator attacking Len Brown’s candidacy for Auckland Supermayor he could declare his vested interest as a key backer of prospective rival left candidate Mike Lee? Just sayin’.

16 comments on “Wee gripes”

  1. Peter Martin 1

    ‘”Should Members of Parliament as part of good governing ignore a referendum with 87.4% support of the people?”

    *laff* Ya have to admit he is on a roll…

  2. snoozer 2

    I love that he’s basically unconsciously parodying himself with the ‘good governing’ bit

  3. The Voice of Reason 3

    (Matt McCarten) “could declare his vested interest as a key backer of prospective rival left candidate Mike Lee?”

    Well, that’s Lee fucked then. Anybody care to put up something that Matt has organised that actually led to sustainable success? Other than success in keeping Matt in the media, I mean.

  4. snoozer 4

    VoR. Now, that’s not fair. McCarten and Chris Trotter have successfully created the impression of deep factionalism in the Left where none exists for years. That’s quite an achievement for two guys in Auckland largely detached from the Wellington-based insiders.

    To be fair, though – Unite has done well even if its prepetually on the verge of bankruptcy.

  5. The Voice of Reason 5

    My real gripe with Matt is that if he encourages Mike Lee to stand, the left vote will be split and Banks will get back in. This scenario has been the case so many times in the past that you’d think we would have woken up to it by now. Students of German electoral history will be able to back me up on this one.

    But Matt seems to revel in the role of splitter and I stand by by suggestion that he has never organised a sustained success. Unite, as snoozer notes, is an empty shell, not a vibrant organisation, the Maori Party have quickly degenerated into the toothless poodles of the National Party I always thought they’d become and the Alliance went belly up in two terms.

    I heard him on National Radio and wondered where the fuck he was coming from and now I know. It’s too late for Lee, the left already has a credible candidate for mayor. By all means stand for council, but FFS, don’t do Banks’s work for him in the big race.

  6. Gordon Shumway 6

    I don’t understand the Paul Reynolds one.

    1. Do “Kiwis” pay Raynolds’ salary or do the shareholders of Telecom. Presumably they feel as it they’re getting value for money or else they’d end the relationship.

    2. In this context, what does “screwing” Kiwis mean? Is he sneaking it out the back door in the boot of his car or have you simply chosen over-the-top language so you can avoid supporting your rant with substance?

    3. What does minimum wage have to do with the job of CEO of Telecom? Are you saying he should be paid minimum wage? Can you say “straw man”?

    4. “For some context”, it takes Tiger Woods less than 1/4 of a day walking on manicured fairways to make what I earn in an entire year, but do I bizarrely believe that his unique skills and abilities should determine what someone gets paid in an unrelated role? No.

    If you don’t believe, for example, that ANYONE should be allowed to earn more than $100,000 a year (or whatever), at least come out and say that so we can understand what you’re advocating.

    Then I don’t sit here wondering where your post is on how “repulsive” Tiger Woods’ pay is, or Ritchie McCaw’s, or the Harry Potter author’s, or the guy who invested Tai Bo, etc., etc., yawn.

    • The Voice of Reason 6.1

      Tiger, Tai bo man, Ritchie and JK Rowling have not overseen the sacking of hundreds of people as part of the justification for their earnings. All of them are entertainers (in the broad sense) whose income is generated by people willingly paying to see their skills. Neither have they overseen the running down of the industry they represent and the wilful failure to invest in the future.

      Reynolds is a blow in who will piss of with his loot as soon as some other Telco gives him the nod to root their workers too. What a bludger.

      • Gordon Shumway 6.1.1

        So the issue is that you don’t like some of the decisions he has made on behalf of his shareholders/board, rather than you don’t like how much he gets paid…? That’s different to comparing his salary with someone else doing a totally different job.

        As I said before, the shareholders are the ones who get to direct Reynolds’ actions and presumably they remain pretty happy with his performance.

        There are plenty of CEOs around the world who get paid a lot more than Reynolds and who haven’t made anyone redundant recently. I’m assuming you’re OK with that even though it takes them less than “half a day” to earn what someone else earns in a year…?

        • The Voice of Reason 6.1.1.1

          There are indeed plenty of CEO’s ’round the world’ who get paid more than Reynolds, but none in NZ. That’s the reason it’s news. I’d be interested in knowing which of them ‘haven’t made anyone redundant lately’. That seems unlikely given the crap the world economy is in and the rush to restructure companies, whether it is needed or not.

          And Gordon, don’t assume anything about my views. Stick to what I actually write, please. But to make it easier for you, yes, I think the culture of obscene overpayment to the likes of Reynolds, and the other wideboys, con artists and spivs around the world is the prime reason for the depth of this recession.

          • Gordon Shumway 6.1.1.1.1

            I’m not assuming anything about your views. I’m just trying to draw out some sort of consistent principle (if indeed there is one) that makes you so certain Mr Reynolds is overpaid.

            Reynolds and minimum wage earners to TOTALLY different jobs. The comparison made in the original “gripe” is facile.

            The shareholders of Telecom are clearly very comfortable with what Reynolds is paid. His successor (whoever it will be) will be paid something similar. You – without having in front of you any of the pertinent information that would have been considered by the Telecom board – seem to belive he is overpaid. Other than “5 million is a lot of money”, what’s your reasoning for that?

            Is it really Reynolds the person who it the target of your anger, or is it the fact that, in general, CEOs get paid a hell of a lot more than workers AND those same workers sometimes get laid off by CEOs?

            • The Voice of Reason 6.1.1.1.1.1

              “I’m assuming you’re OK with that even though it takes them less than “half a day’ to earn what someone else earns in a year ?”

              “I’m not assuming anything about your views.”

              One of these things is not like the other, Gordon.

              Mate, I am angry at Telecom’s astonishing ability to waste money like this on a temporary worker while at the same time dealing to a bunch of loyal, permanent workers who deserve much, much better from their employer. Hell, I’m angry that Telecom was sold in the first place, that it refuses to significantly return profits to infrastructure upgrades and that in 2009, I’m sending this via dial up, because the money that would have provided a proper broadband roll out has been wasted on the likes of Reynolds.

              And I stand by the comment about the culture of obscene overpayment. Look at all the banks that have folded around the world, look at the destruction of industry because the cash for development went to a bunch of besuited snake heads.Look at the ridiculous prices of houses here in NZ, too. Greed is not good, it’s just greed.

          • Gordon Shumway 6.1.1.1.2

            PS – I believe it is hyperbolic nonsense to suggest that a “culture of obscene overpayment” is the “prime reason for the depth of this recession”.

            That sort of comment shows you’ve no perspective at all on how $5 million executive salary compares to the actual assets, income and borrowings of organisations such as Telecom (which isn’t even remotely big when compared to real large corporates around the world).

            • Pascal's bookie 6.1.1.1.2.1

              Gordan, do you really think it so strange to assert that a bureaucracy would be captured by the bureaucrats to further their own interest over that of those the bureaucracy exists to serve?

              Your rather old fashioned ideas about shareholder approval ignore the fact that most public companies are dominated by institutional investors. Those institutions vote according to how their bureaucrats decide. How hard would it actually be to identify the natural persons that ‘own’ telecom?

              I’d say it’d be a fairly extensive task, and that the individuals concerned (who are in all probability putting 50 dollars a week into a unit trust) would for the most part be completely unaware that they own shares in Telecom, let alone who Reynolds is or how much he gets paid. And you are claiming that they are happy with his paycheck.

              It’s a farce mate, as JK Galbraith put it:

              “The myths of investor authority, of the serving stockholder, the ritual meetings of directors and the annual stockholder meeting persist, but no mentally viable observer of the modern corporation can escape the reality. Corporate power lies with management – a bureaucracy in control of its task and its compensation.”

              That’s from his short book The Economics of Innocent Fraud. You should give it a read. As I said it’s short, and it’s cheap. Penguin does a pocket edition that can be had for under twenty bucks.

  7. Gordon Shumway 7

    We’ll have to agree to disagree on this one.

    You guys (TVOR, PB) seem to believe that institutional shareholders would prefer to overpay for a CEO (or in fact actively do so), while at the same time keeping the rest of the organisation lean. There is no inherent evil in corporate governance and supervision.

    If it’s fair for you to patronisingly suggest my ideas are “old fashioned”, then I’ve got to say to my mind your comments (and Eddie’s original post) suggest very little understanding of how big corporates actually operate, and indeed how many checks and balances come into play for listed companies in particular.

    Greed may indeed be the cause of the financial crisis, but the “worker” who spends above his means is equally deserving of blame and more likely to be the “cause” than CEO’s earning more than you and me. Like I said, hyperbolic nonsense.

  8. Swampy 8

    You obviously are bothered that these people have stood up to campaign for their democratic rights that the Labour and National parties completely ignored when they pushed through the anti smacking bill. Why should it bother you, unless somehow your conscience is telling you that their democratic rights are the same as the ones you are invoking in the Supercity debate.

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    1 week ago
  • 10/10: World Day Against the Death Penalty
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    No Right TurnBy Idiot/Savant
    1 week ago
  • Talking Freer Lives: a Marxist gender-critical perspective from Australia
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    1 week ago
  • Government spin accepted by union leadership
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    1 week ago
  • Forbidden Thoughts
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    RedlineBy Daphna
    1 week ago
  • Much love to my loyal Ukrainian readership
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  • Another day of bonkers GNUmours (again, sorry)
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    To avoid no deal, deliver on the ...
    1 week ago
  • Labour vs working class immigrants – again!
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    2 weeks ago
  • Speak Up for Women press statement: on Massey University and Feminism 2020
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    2 weeks ago
  • Farmers support dirty rivers
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    No Right TurnBy Idiot/Savant
    2 weeks ago
  • No-one cares about local government
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    No Right TurnBy Idiot/Savant
    2 weeks ago
  • The political ghosts of eugenics may matter more than the genetic
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    RedlineBy Daphna
    2 weeks ago
  • “Surplus” again
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    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Inside the Downing Street bunker
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  • Taking Control Of The Nation’s Story.
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  • Are GNUs extinct?
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  • Labour chickens out again
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    2 weeks ago
  • Transgender extremism, violence at work against feminist meeting at British Labour Party conference
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    2 weeks ago
  • Rebelling in Wellington
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    No Right TurnBy Idiot/Savant
    2 weeks ago

  • Methane reducing cattle feed one step closer
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  • Bill to refresh superannuation system passes first reading
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  • Government announces next steps in fight against measles
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    2 days ago
  • Speech to the New Zealand Institute of International Affairs, Pacific Futures: Connections, Identity...
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    2 days ago
  • Police trial new response to high risk events
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    2 days ago
  • New awards celebrate fisheries sustainability
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    2 days ago
  • More progress for women and we can do more
    Minister for Women Julie Anne Genter welcomes leaders in the private sector taking action on closing their gender pay gaps to ensure a fairer workplace for all New Zealanders. Ms Genter today launched a new report, Addressing the gender pay gap and driving women’s representation in senior leadership, from the Champions for ...
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    2 days ago
  • Proposals to curb environmental damage help our coasts and the oceans
    Government Ministers today welcomed the release of a marine environment report highlighting the four key issues affecting our oceans, estuaries and coastlines.  The release underlines the importance of government proposals to combat climate pollution, ensure clean freshwater, protect biodiversity, make land use more sustainable, and reduce waste and plastic.    Environment ...
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    3 days ago
  • New mental health facility for Waikato
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    3 days ago
  • 500 new te reo Māori champions in our classrooms
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    3 days ago
  • Minister James Shaw welcomes 2018 Census first release
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    BeehiveBy beehive.govt.nz
    3 days ago
  • Driving transparency, ethics and accountability in government use of algorithms
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    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand and the Netherlands working together on climate change
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    3 days ago
  • Protecting fairness for workers and businesses
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    3 days ago
  • Indigenous Freshwater Fish Bill Passes
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    3 days ago
  • Kiwis to take part in world’s biggest earthquake drill
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    BeehiveBy beehive.govt.nz
    4 days ago
  • Rising wages and low inflation supporting Kiwis
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    4 days ago
  • NZ economy strong amid global headwinds
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    4 days ago
  • Keeping New Zealanders safer with better counter-terrorism laws
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    4 days ago
  • Improved succession and dispute resolution core of Ture Whenua changes
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  • Speech to CTU Biennial Conference
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    4 days ago
  • Minister ensures continued Whenuapai flight operations
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    4 days ago
  • NZ joins Coalition of Finance Ministers for Climate Action
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  • Feedback Sought – Section 71 – Lyttelton Parking
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    5 days ago
  • Feedback Sought – Section 71 – Hagley Oval
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  • CTU speech – DPM
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    5 days ago
  • Police Association Annual Conference
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  • New Zealand announces a further P-3 deployment in support of UN sanctions
    Minister of Foreign Affairs Winston Peters and Minister of Defence Ron Mark have announced the New Zealand Government’s decision to again deploy a Royal New Zealand Air Force P-3K2 (P-3) maritime patrol aircraft to support the implementation of United Nations Security Council (UNSC) resolutions imposing sanctions against North Korea. New ...
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    5 days ago
  • New Zealand deeply concerned at developments in north-east Syria
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    5 days ago
  • Government on high alert for stink bugs
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    5 days ago
  • Better protections for students in halls of residence
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    BeehiveBy beehive.govt.nz
    6 days ago
  • New trapping guide for community and expert trappers alike
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    6 days ago
  • Widening Access to Contraceptives Welcomed
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    6 days ago
  • Major upgrade for Taranaki Base Hospital
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    BeehiveBy beehive.govt.nz
    7 days ago
  • Extra support for rural families
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    1 week ago
  • Howard Leaque Beekeeper programme graduation
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    1 week ago
  • Finance Minister to attend APEC meetings
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    1 week ago
  • Pacific languages are a source of strength, they ground us and build confidence
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    1 week ago
  • Major boost to support disabled people in sport and recreation
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    1 week ago
  • More prefab homes to be built as red tape cut
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    1 week ago