If you had an uneconomic business to sell and knew that the government which was most likely to buy it was also the one least likely to be there after an impending election, how keen would you be do do a deal with it?
And being very keen, would you be hard to deal with?
Would you even be prepared to compromise on what you were prepared to accept rather than risk having no deal at all if the government changed?
Why then did Labour, spend so much more on what has become AlbatrossRail than it was worth when Toll Holdings would have been very, very willing sellers?
And given that, why on earth would anyone consider appointing Michael Cullen to the board of an SOE when he has demonstrated his lack of business acumen not just with this purchase and the ACC blow out but nine years of wasted opportunities?
I’ve just got back from Wellington and have come across the story late in the day so am not surprised so many other blogs have covered it and are united in their condemnation of the idea:
Keeping Stock says No John No
Roarprawn is aghast.
Cactus Kate calls it a National disgrace.
NZ Conservative suggests another job with a lot less pay.
Oswald Bastable also suggests another job.
Anti-Dismal sees politics where there should be commerce.
Barnsley Bill hopes it’s a joke.
Inquiring Mind says Absolutely bloody outrageous.
PM of NZ isn’t being tribal.
Whaleoil says No way.
UPDATE: Monkeywithtypewriter thinks this is all a personal PR campaign for Cullen.