New Zealand’s highest-paid CEOs: $17m payday smashes records
A2 Milk’s David Bortolussi – second last year in the pay ranking – retains his position, trailing Miles…
McCain plant closure at Hastings follows $17m loss and soaring related-party loans
“McCain is currently consulting with all employees whose roles would be affected by the planned closure.” Financial performance…
Hamilton Zoo’s $1.7m land purchase to boost rhino, giraffe and savannah herds
Instead, the zoo had plans to increase numbers of some of its current animals, including the blackbuck, zebra,…
Insolvent Gisborne logging company owing $1.7m could not pay creditors
A final report on the insolvent company’s liquidation was released in October. “The cause of the liquidation appears…
Public Service Commission report into Teaching Council finds ‘highly concerning failures’; firm run by CEO’s husband gets $1.7m in contracts
“The council is responsible for upholding high professional standards for teachers,” Roche said. “It must also meet the…
Trump bought US$1m in Netflix, Warner Bros bonds after merger announcement
“Neither President Trump nor any member of his family has any ability to direct, influence or provide input…
Auckland Nakhle family in $17m court battle; judge clears way for liquidation case
A High Court decision from November sets out the history of the financial fracas, which is linked to…
Ruminant Biotech raises $17m at $132m valuation for its cow pill that will slash methane emissions
Where the money’s going Chief executive Tom Breen says the funds will be used to get his company’s…
Auckland animation company Anim Studio put into liquidation with $1.7m tax debt
It said large animation or film projects are typically structured into stand-alone companies. Anim Studio was responsible for…
Former financial adviser Murray McClune jailed after $1.7m theft from elderly clients
FMA head of enforcement Margot Gatland said McClune’s conduct was “both deliberate and dishonest, and involved a gross…