Editorial: Watching brief

By The Listener In Editorial

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28th February, 2013
Who monitors the monitors? That’s the question at the heart of the extraordinary failure of one of the state’s most valuable assets, Solid Energy. Despite at least four years of supposedly close official scrutiny since concerns about the corporation’s past and future strategies were first raised, more than $1 billion of value has simply evaporated, only a couple of years after Prime Minister John Key began telling “Kiwi mums and dads” what great businesses the asset-sale SOEs would be for small investors. Only now that it’s too late are more searching questions being asked ...

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