Last week Weldon was passing on Key’s advice to SOEs to prepare to be privatised supposedly so NZers could have an ownership stake. I know we already own them and Mark just wanted to clip the ticket so he could max his bonus.
But today we learn that Mark has sold NZX’s carbon trading platform registry offshore. This was the company he argued needed monopoly rights in order to take advantage of NZ expertise to lead the world.
What happened to the Kiwi jobs and investors Mark?
Will you refund to the taxpayer the enormous amount that was spent considering and supporting your project – maybe from your bonus from the sale.?
I see there is a new triumvirate running the country: Crosby, Textor and Weldon.
From what I understand from the release on the link you have up here, they sold the carbon Registry, not the Carbon trading platform. They are two completely different things.
Are you sure of your facts? Thanks Corrected Trevor
Thinking about commentaries by, for example, Fran O’Sullivan on Young Master Weldon, he may be overstretching his hand as a latterday du Tremblay. Auckland’s National Party elite seem to find him a somewhat full of himself and far too ‘Wellington’.
As a Wellingtoian at least by region thats a bit rough on the rest of us.
See you have corrected the “carbon trading” v “carbon registry”. what monopoly do you say they were after. From the release nearly all the registry customers are overseas. Think you are off base here. Assume this means the carbon trading has stayed here then?
My understanding is that they were after a NZ monopoly for both. And I’m not sure on trading staying here for any time Trevor
http://asianinvasion2006.blogspot.com/2009/05/nz-information-exchange.html
Previously done all the research for you.
http://www.scribd.com/doc/13798446/NZX-Annual-Report-2008
Weldon’s “bonus” remember is linked to getting that share price up and over the $10.31 mark and various other targets listed in the report – all linked to share price.
Staff also have bought in with interest free loans and will profit when the stock hits $7.16 a share
Aw, comon, that carbon trading scheme was only ever going to have legs if the gummint legislated it into life. Its dead. Selling the registry sounds like offloading the dead arsed systems development project out the back door.
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