Fletcher executives paid more than $500,000 a year have risen more than 50% while those earning between $100,000 and $500,000 have increased by a third.
Auckland mayor warns transport gridlock will feature in election race
Phil Goff is warning political parties in the upcoming election Auckland voters want answers to their transport woes.
Featured Comment:
"If he allowed the city to spread and set up satellite centres people could live in affordable housing close to where they work."
Government’s Amazon deal blows locals on IaaS supplier panel out of the water – NZ Rise
Buy-local advocate sees new deal undermining an existing Crown supplier panel, which includes Spark's Revera and Datacom; criticises Internal Affairs for not putting deal out to tender.
Featured Comment:
"It's not the competition that bothers us. It is the DIA actively discriminating against a Kiwi service. That's unbelievable"
Rear View: The best of NBR's week
A look at the highlights of the news week. For links to the featured articles click on the headline above.
Simon Moutter cans proposed corporate-backed VC fund
Only two other companies apart from Spark committed investment to the proposed Reactor Fund.
OPEN MIC: Trump drops Paris climate deal
Welcome to NBR's weekly Friday afternoon Open Mic thread!
Smartpay looks to build on turnaround result with new cloud product
10-fold profit increase for payment terminal company.
Trump's Beltway: US to abandon Paris climate deal and laptop ban postponed
Also, Clinton blames US insiders for Russia hacks and US-backed forces close in on ISIS capital.
Kiwi raises $8m for encryption start-up
Large movie studios and Angela Merkel’s mobile phone are what led Christchurch entrepreneur Tim Gallagher to start encrypted messaging app SafeSwiss.
Hunter's Corner: Eco Business: Water bottlers bear brunt of a media beat-up
Pandering to prejudice is not the path to progress.
Featured comment:
"What is interesting is Watties' water take is calculated on waste water out. Not in"
Inside the Lions tour with Andrew Mehrtens
Inside the Lions tour #2 from NBR Radio on Vimeo.
Inside the Lions tour #2 from NBR Radio on Vimeo.
NBR View talks with former All Black and Robert Walters ambassador Andrew Mehrtens for his prediction on the game plan needed to beat the Lions.
Weekly Hit: Budget script better than National dared imagine
Steven Joyce owes both Bill English and Andrew Little for the success of his first budget.
Featured comment:
"Unbridled power? Given we have elections every three years I think your paranoia is a bit wasted"
Budget 2017: What about the rest of us?
Following a panel discussion Finance Minister Steven Joyce took questions from the floor on the relativity of pay.
Click on the headline for the full video.
Featured Comment:
"I'd also be asking as to whether there are any other ongoing investigations at the moment into other providers"
Featured Comment:
"You, sir, win good guy of the week award!"
Featured Comment:
"Even the US is moving towards a lower corporate tax proposition than NZ."
Featured Comment:
"Local politicians may do that (if they don't value their scalps), but they sure as hell won't do it in the ham-fisted way you did it, Mr Goff. Slapping on a 150% tax rise all in one go to make up for years of inaction and malaise would kill plenty of provincial businesses"
Featured Comment:
"He will not be leaving this job in the near future."
Featured Comment:
"How does letting them remain listed and trading for another 3 and a bit months help at all with public confidence in the integrity of our sharemarket?"
Featured Comment:
"Rip up the lines company model and start again"
Featured Comment:
"I guess this is a problem for the future. The big challenge right now is generating revenue from the IP they've already secured."
Editor's pick
NBR BUSINESS PULSE
Business
Air NZ lifts full-year guidance on lower jet-fuel prices, revenue pickup
Earnings before taxation were $663 million in the prior period, as it benefited from a massive tourism boom and low oil prices.
Property
NZ property values rise at the slowest pace in two years in May
The bubbling property market is beginning to cool as tighter credit conditions and restrictions on riskier mortgage lending has dented demand.
Banking & Finance
Reserve Bank still pushing for debt-to-income restrictions
Reserve Bank says it wouldn’t use DTIs right now, even if it could
Technology
AWS whole-of-government contract only the start
A further shift by government services into cloud delivery of services.
"One hopes that Amazon pay tax in NZ."
"Interesting to not the much toted relationship with Microsoft is coming to an end and that costs from them are jumping 22% via the Azure Platform - I suspect Microsoft are about to extract their pound of flesh via rising costs every year from here on out!"
Politics
"Yeah, this is just another example of old folks stuffing things up for the following generations"
"This is not a bed tax. It is a tax of envy. Typical labour. Typical Phil."
“Mr Goff says putting the shortfall on ratepayers is unthinkable. ‘And borrowing can’t be the answer to our problems.’ So guess who will end up stumping up …? That's right, the rest of NZ's tax base!”
Law & Courts
Special rules mooted for employee share schemes in start-ups
By deferring when tax is owed on shares, the proposal effectively taxes what could otherwise be a capital gain.
"Families eh - you can choose your friends but you can't choose your family"
Media
MediaWorks eyes better 2017 after two years of losses
Shareholder Oaktree pumps in a further $8 million after debt covenant breach.
NBR Rich List
People Scene
Appointments
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