Labour finance spokesman David Cunliffe wants to give politicians the power to meddle in commercial decisions:
“The threat of an overseas takeover of Fisher and Paykel is now very real and the likelihood of excellent skilled jobs going overseas is worryingly high.
“Fisher and Paykel is a Kiwi innovation icon. It is the sort of company we need more of in New Zealand, not less. But National is just waving it goodbye.
“The implications of its sale to New Zealand are too important leave the takeover approval to officials. Such a major decision must be made by Ministers. That’s Labour’s policy.
If that’s Labour’s policy Heaven help the share market when they get back in government.
Who’d want to risk their money in the share market when they know that politicians could devalue their shares at whim?