NZME board play: Jim Grenon’s ‘extremist’ problem

NZME board play: Jim Grenon’s ‘extremist’ problem
One of only two circulating photographs of Jim Grenon (far left) in about 2012. (Image: Screenshot)
Pattrick Smellie
Now that NZME has finally released the full 11-page text of the letter to shareholders from James “Jim” Grenon, a much clearer view emerges of the Canadian expatriate who is leading what looks to be a successful boardroom coup.Grenon’s letter pulling apart NZME’s recent commercial performance appears to present a persuasive financial analysis that the NZME board will need to respond to in full and convincingly, if it is to turn the tide on a board shake-up. NZME – publisher of the NZ Herald and BusinessDesk &n...

More Markets

Ebos buys Vital Petfoods assets from receiver
Markets

Ebos buys Vital Petfoods assets from receiver

Distressed assets have been snapped up by the pet food maker.

Tourism Holdings and inflation updates drive NZX up
Markets Market close

Tourism Holdings and inflation updates drive NZX up

Tourism Holdings could be one of the most directly impacted shares of the US tariffs.

Tom Raynel 17 Apr 2025
Heartland Bank accountant fined over insider trading
Markets

Heartland Bank accountant fined over insider trading

A former Heartland Bank accountant has been sentenced to six months’ home detention and ordered to pay a fine after pleading guilty on three charges relating to insider trading.Kevin Young, a former treasury accountant with Heartland Bank, purchased Heartland Group Holdings Limit...

Staff reporters 17 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025