ANZ was our most problematic bank, mines were the greatest threat to our environment, and our unions stepped up their mascots. Josie Adams remembers all the major protests of the decade. In 2010 I turned 18 and became a voting member of the public. I was very excited about this; about the same time I … Read more
The rise of the machines will radically transform the way we work. Jobs will disappear. New ones will emerge. But what if the perceived threat of technology is really an opportunity to be more human? The machines are coming for our jobs, but we don’t need to freak out about it. Because, let’s face it, … Read more
They’re hinting that new rules might make them quit their New Zealand operations, and you should feel bad about it, writes Toby Manhire In this brutal modern life there’s a lot to worry about, all the time, so it’s completely understandable if you rarely find a moment to stop and think of the downtrodden and … Read more
Good morning, and welcome to The Bulletin. In today’s edition: Raft of new laws taking effect today, a messy story of inner city homelessness unfolds in Auckland, and secondary school teachers accept offer. Some news you can use today: we’re going to start with a roundup of some of the bigger July 1 law changes. It’s … Read more
Every few years, as the Māori economy grows, someone floats the idea of an iwi-owned financial institution. The list of pros and cons is long, writes business advisor and Treaty commentator Joshua Hitchcock. It has been a challenging period for the banking industry in New Zealand. Moves by the Reserve Bank to strengthen capital carrying … Read more
John Key insisted that the CEO of the bank had been treated in the same way a junior teller would be. Can anyone take that seriously, asks Cat MacLennan When I was a lawyer at Manukau, we used to sit in the lawyers’ room and marvel at the lenient sentences given to the rich, to … Read more
The scale of departing ANZ NZ CEO David Hisco’s public humiliation by his employer doesn’t fit the crime he’s said to have committed, Gareth Vaughan of interest.co.nz argues. ANZ New Zealand’s town square disgracing of David Hisco, its CEO of almost nine years, is extraordinary. He delivered in spades for ANZ NZ’s shareholders for almost … Read more
Good morning, and welcome to The Bulletin. In today’s edition: Sir John Key fronts up over bank boss departure, social workers defend Oranga Tamariki actions, and major proposed Wellington festival falls over. Anyone who watched politics over the last decade will have got used to press conferences fronted by Sir John Key. The blithe reassurances, repeated use … Read more
One of the country’s highest paid chief executives has lost his job after an embarrassing brouhaha over personal expenses. Business editor Maria Slade tries to make sense of the mess. Who is David Hisco? David Hisco was the CEO of ANZ New Zealand from 2010 until Monday. He started out working for a local branch … Read more
ANZ has been placed on the banking naughty step for potentially lending to New Zealanders without enough capital to protect deposits. How did this happen? Any journalist will tell you that Friday is a great time to issue an embarrassing press release. Journalists are humans with an eye on the weekend too, so they can … Read more
Good morning, and welcome to The Bulletin. In today’s edition: Serious clashes between police and protesters in Palmerston North, ANZ banks ludicrously big profit, and gay conversion therapy could be banned. The most heavily protested annual conference of the year is back, this time in the unlikely surroundings of Palmerston North. The Defence Industry Expo – otherwise … Read more
ANZ’s latest recruit is a virtual assistant designed by hi-tech New Zealand company Soul Machines. Intrigued, Jihee Junn decided to give her a whirl, chatting about film, literature, and “closing the pod bay doors”. First she was Rachel, then she was Sophie, and now, dressed in a light blue shirt and thick-framed glasses, she’s Jamie … Read more
For no particular reason we’re celebrating Kiwi companies that are being a bit extra, for the good of working parents. We know the drill. It’s the hardest job you’ll ever have. Working, parenting – parenting, working. It’s tough. We’ve got a bunch of in-built safety nets via our labour laws which (hopefully) ensure parents with … Read more
Tax Heroes: We take a closer look at how much tax our 50 biggest companies paid in 2017. “Tax is love”: Read Duncan Greive’s introduction to our new Tax Heroes series here. Do our biggest businesses pay their fair share? This was the question confronting Auckland accounting professors Jilnaught Wong and Norman Wong. So they … Read more
Who is bigger and badder than the banks? Apple. The tech giant is slowly capturing the mobile payments market – but is it good for consumers? You may have heard a low-frequency grinding noise emanating from the central business district recently. It’s the sort of noise produced when honeyed words are forced out through furiously … Read more
Imagine you didn’t get paid for a month or two for your work. Big businesses have used this tactic to keep cash in the bank – but how long do our corporates take to pay? Rebecca Stevenson investigates. In New Zealand, they account for 97% of businesses. In Australia, 97%. In the UK, 96%. Small … Read more