Tamihere in charge

Well John Tamihere is back in charge at Waipareira Trust. Somewhat ironical that the current CEO was pushed out because the Inland Revenue Department had issued the trust with a statutory demand for unpaid taxes. For those with short memories, Tamihere’s exit package was not taxed.

It does appear that the trust has financial problems with $4 million of debt. I certainly hope Tamihere does a good job in putting things right, and learns from his previous mistakes such as signing $100,000 of cheques to organisations he had never heard of.