ANALYSIS: Why do shareholders appoint a patsy to their boards just before their companies fail?
Shoeshine: Strange behaviour by the Reserve Bank.
“Decisive” isn't a word Shoeshine would use to describe Sir Ralph Norris' obvious reluctance to hold Mark Adamson or himself accountable.
Cutting losses is never easy because it means directors and managers have to stand up and admit they made a mistake.
But will changes to immigration policy hurt those that staff the sector?
Market rules exist for the same reason motorway rules exist: to avoid mayhem.
No need to see a human, just ask a machine.
Opinion: Those advocating KiwiSaver changes argue members are generally invested far too conservatively.
Opinion: Shoeshine's been thinking about high flyers and Andrew McKenzie most certainly qualifies as one.
Balex is the first equity crowdfunded company to fail since the capital raising method became legal in NZ mid-2014. Shoeshine is certain it won't be the last.