Originally Posted by
Balance
Insightful comments from NBR readers :
Reminds one of Telecom - abuse of its monopoly to milk profits from NZers in favour of its American masters. Took Helen Clark to break that disgraceful monopoly - and NZ is still years behind countries like Korea and Vietnam.
NZX needs the same sort of surgical strike by the government.
Hit the nail on the head here.
Monopoly pricing, to drive up short term profit, during Weldon's tenure only served his interests. The board were more than asleep at the wheel, ignorant or short focused themselves.
How could you possibly grow a business, where the entry and ongoing costs are too high. This is the main reason the only companies that go public these days tend to be overpriced, with former owners using the listing as an exit hatch.