Don’t you just love it when corporate bludgers think they get to say how the government spend money…of course they want super sorted…so they can avail themselves of more corporate welfare:
But the CEOs are looking to the Key Government to stake out a bolder vision for New Zealand and tackle big issues, including the eligibility age.
“The only real negative is the failure to address the superannuation debate when the public clearly gets it that something needs to change to maintain affordability,” said a CEO speaking under anonymity.
Jade Software chairman Ruth Richardson – a former National Party finance minister – said “New Zealand had flunked the Super debate”.
Navman chief executive Andrew Blakey said the post-election period “has been disappointing from Key”. He said there had been numerous examples of poor political management pointing to “the complete head-in-the-sand approach to superannuation”.
One chief executive suggested the country should introduce a voluntary “opt out” for New Zealand Super. “If the Government doesn’t have the balls, let’s see if the people do.”
Zespri chief executive Lain Jager said he was “disappointed the Government was not fronting up to the age of entitlement”.
Oh right…Navman was heavily subsidised by the previous Government…
In 2001 they got $1m in corporate welfare.
In 2005 they got another $1m, adding to the corporate bludger reputation.
But despite this corporate welfare Navman has been moving operations offshore…
Zespri of course is the beneficiary of a legislative monopoly, protected from any competition by statute protecting their single desk selling status. The ultimate form of government legislative welfare.
Jade Software is a corporate bludger as well, booking losses despite millions in government cash:
Jade Software recognised $1.2m in government grants in the year, and was awarded $3.2m over three years from the government’s Technology Development Grant Programme in 2010.
If they want to have a crack at the government and superannuation then best they wean themselves from the corporate welfare.