Poor Mike
Mike Williams denies being a rich prick in the Hewitson interview:
He made, by the way, a lot of money from his direct marketing company and so is surely, I said, “a rich prick” like John Key. “Not any more,” he said, “I’ve been working for the Labour Party for 10 years.” He gets $25,000 a year and gives it all back one way or another. He buys a lot of raffle tickets.
Mike forgot to mention he is a DIrector of seven companies, appointed by his mates in Government:
- Institute of Geological and Nuclear Sciences Limited
- Genesis Power Limited
- Auckland Regional Transport Authority (ARTA)
- Transit New Zealand
- Waitakere Enterprise
- New Zealand Railways Corporation (Ontrack)
- North West Auckland Airport Limited
And what does Mike get as a Director for each:
- GNS – $21,000
- Genesis – $333,000/9 = $37,000 approx (maybe more as now Deputy Chair)
- ARTA – $35,000
- Transit – $25,000
- Waitakere Enterprise – $65,110/5 = $13,000 approx
- Ontrack – $26,000
- NW Airport – fees unknown
So that is $157,000 from government (central and local) board appointments. Now I dont begrudge Mike Williams his fees if he is doing a good job as a Director. But how in touch are you as Labour Party President when your income is over $180,000 a year and you deny you are rich?