Hickey on Hubbard
A lengthy piece by Bernard Hickey on Allan Hubbard. Bernard looks at how we in NZ tend to favour the ‘small’ businessman and prefer the ‘homespun’ to the ‘city slicker’. Possibly to our detriment in the long run.
Bernard’s article and the thread are worth taking the time to read.
When reading Bernard’s piece it is useful to have read some recent articles in The Listener which not only included a profile of Hubbard and a later companion piece relating to his placing into statutory management, but a look at the finance companies more generally, plus an article on Hanover.
They help with understanding the issues.
The Grant Thornton interim report issued this week makes for extremely interesting reading. This article in the NZ Herald looks at some aspects. The report,to my mind at least, raises some thought provoking questions and concerns which need answers.
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