Little Wonder Zetetic Is Anonymous

When The Standard start opining on business you know good times and humour are ahead.

Directorships are the golden ticket in the world of the business elite. You attend maybe 10 meetings a year, sign whatever’s put in front of you, typically get paid $3-4K a pop, and do it over again half a dozen times or more for various companies. It’s a gravy train for managers past their use by date. But customers and shareholders have to trust

And of course teachers only work from 9am to 3.30pm with an hour off for lunch and half an hour for morning tea each day. What does Zetetic think directors do? Turn up and read hundreds of papers at the meetings for the first time?

Zetetic won't even lend his name to a blog, he then has a pipe dream that he might ever be asked to be a director.

So, it’s good to see the Lombard directors being held to account for signing off on statements that were untrue. If you paid me $4,000 per meeting and were asking me to lend my name, and in Doug Graham’s case his prestige, to the reputation of your firm, I would know those documents intimately. I would want to double-check every fact. For $4,000 per meeting, that’s the kind of service the shareholders and customers deserve.

Nice to see no left wing bloggers have implicated the former Labour Minister when they crank on about the former National one.

Perhaps like their glory years of 1984-90 it is something they think will go away if they don't talk about it. No, Zetetic is too poorly read in political history despite writing on a political blog to even know who Bill Jeffries is. Lord he can't even spell the man's name correctly,

Since I write on a political blog and I’ve never heard of Jefferies, I don’t think he has any prestige to lend to Lombard. Graham does and did.

Anyone suggesting directorships are a "golden" ticket is an idiot.

As I've previously opined when the PC brigade whine there are no women on Boards, everyone should aspire to own a business through shareholding than act as servants of shareholders with liability attached.

For $30-40k a year in this day and age the fees in New Zealand aren't worth the hassle. I would call most directorships in New Zealand a "golden shower" for anyone taking them on.