Kōrero: Large companies

Electricorp giant cheque

Roger Douglas, Richard Prebble, and John Fernyhough with a very large cheque.

Finance Minister Roger Douglas (left) and State-Owned Enterprises Minister Richard Prebble are presented with a cheque for $6.3 billion by Electricorp chair John Fernyhough in 1988. At the time this was the biggest financial transaction in New Zealand's history. This was part of the corporatisation and privatisation of state-owned enterprises that occurred in the late 1980s and into the 1990s.

Te whakamahi i tēnei tūemi

Alexander Turnbull Library, Dominion Post Collection (PAColl-7327)
Reference: EP/1988/1693/20a
Photograph by Ross Giblin

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

Ngā whakaahua me ngā rauemi katoa o tēnei kōrero

Te tuhi tohutoro mō tēnei whārangi:

Gary Hawke, 'Large companies - Large companies, 1980 to early 2000s', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/photograph/25963/electricorp-giant-cheque (accessed 22 July 2024)

He kōrero nā Gary Hawke, i tāngia i te 11 Mar 2010