May 1, 2025 • 12 mins
THE BEST BITS IN A SILLIER PACKAGE (from Friday's Mike Hosking Breakfast) 3-0 with a Day to Play/Mark the Week/What People Get Paid
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Speaker 1 (00:09):
You're listening to a podcast from Newstalk zed B. Follow
this and our wide range of podcasts now on iHeartRadio Rewrap.
Speaker 2 (00:25):
Okay there and welcome to the Rewrap. For Friday, all
the best bits from the mic, asking breakfast on news,
doog ZB and a sillier package. I am Glen Heart.
Today we will mark the week because it's Friday and
it's what we do. We're gonna complain about how much
CEOs get paid, and then we're going to try and
figure out how much doctors should get paid. But before
any of that, the week in politics. I think if
(00:49):
you add it all up, it might be three niel
to the government actually for the data play.
Speaker 3 (00:53):
Three prizes for three good calls this week by the government.
One financial literacy coming to a school near you in
twenty twenty seven, not a day too soon, and in
mini respects, it's the more valuable end of the education spectrum.
Education you can actually use. Two Nikola Willis and her
cutting of the operating allowance from two point four to
one point three. Two point four already had headlines for
(01:13):
being skinny and unrealistic. One point three is rabbit out
of a hat material. I assume she's telling the truth
when she says she's found billions and savings, because you
can't run a country on thin air. And then three
David Seymour with more reality checked reminders that we've got
too much government. In a speech yesterday, he alerts us
to just how much government eighty two portfolios, forty one departments,
(01:33):
twenty eight ministers. If you ever wanted an example of bloat,
there it is. The portfolio joke is about appeasing people.
Of course, there isn't an issue or pressure group you
can't appease by inventing a label. The real issue is ministers.
The good news currently, as Audrey Young and The Herald
this Week pointed out in her famous marking of ministers
annual outing, most of them are getting good scores, most
(01:54):
of them are decent operators. But it's not always the case,
and too often the last government was your classic example.
Portfolios are used and or invented to reward loyalty and
or give people pay rises. Whether you can do the
job is secondary. Good governments are run by a handful
of talent. Of course, go back to David Longe. It
was David Longe, Douglas Prebble Kagel Clark, it was Clark, Cullen, Goff,
(02:15):
King Key, it was Key English Joys. This time it's
luxem Bishop Willison Brown, multiple portfolios at the heavyweighting end
of the index. Unlike the real world, though, you will note,
cabinets and government never downsize. I mean, the public service
gets downsized all the time, but the government never is.
Lots of departments, lots of portfolios, lots of busy, busy, busy. Sadly,
for Seymour, unlike the other two ideas this week, this
(02:37):
isn't real. Financial literacy will materially improve our kid's future,
Willis and her austerity. Austerity will materially improve our economy.
If Seymour somehow trimp's a single minister or ministry, it
won't be an idea, It'll be a miracle.
Speaker 2 (02:53):
Right, So yeah, like I say, it's free Noel the
hat track. Basically, thanks can only get worse for them
next week, I'd say it's the rewrap. I guess we'll
find out what we mark that week next week. But
here's us marking the week this way.
Speaker 3 (03:08):
Time down to Marke. The weak little piece of news
and current Eventsident's as popular as a red warning southerly
uppy back passage in Lyell Bay. Speaking of Wellington Tory nine,
you can't let well leave. She scored it herself. Nine.
Why wouldn't you? Shouldn't you I when you're as brilliant
as she is? God, she deserves a holiday. Donald seven.
Speaker 1 (03:26):
We're up too close to eight trillion dollars.
Speaker 3 (03:28):
I think I can say for the sheer madness, the calamity,
the unbelievable amount of bullshit he spouted in one hundred days,
you'll never see the like again, unless, of course, he
runs for a third and fourth term. Auckland FC eight.
You can't argue with that execution of success. Have a dream,
get a team, win the comp that's brilliant. Sky TV
seven well done on the snooker upside. Apart from anything,
(03:50):
the quality of the competition is absolutely sensational COVID thirty
one thousand. That's a lot of submissions and indicates the
impact is still very real for many of US. Canada.
Speaker 2 (04:01):
Seven, we have to look out for ourselves.
Speaker 3 (04:05):
Election of the year so far will almost certainly be
Tomorrow's Australia unless Dutton does a Morrison, and I'm not
running odds on that. Speaking of odds weimo to a
deal with Toyota to provide you with a driver's car
in our lifetime. I don't think so, Speaking of which Toyota.
Seven all blacks deal, nice fit. How good is to
mighty William's going to look in a year? Or say
(04:26):
James Meagher Three says random stuff like he's looking into
helping you in New Zealand and the regions and getting
fears down. He's also, by the way, looking to get
butter under four dollars a block Finance Studies. Eight gets
the Good Government Move of the Week award from me
Ruer Peyhu and their deal. Six tok too long, got
to angsty, wasted too much time, but we got there.
(04:46):
Get your resign Rossignol's ready acc changing the mariads for
manufacturing and making them non race based well six for
act highlighting it. Two for RACC for yet again ignoring
simple government instruction Nicola and her austerity. Six deserves q
dos for holding the line in politics. You see the
easy ways off and the road most traveled. Being tough
(05:08):
and realistic in a country that loves a handout takes
gonutes and that is the week. Copies on the website
and once again we are proud not to have left
anyone stranded in Australia just because they turned up with
the kayak.
Speaker 2 (05:18):
Pretty happy with that mark the week. As you know,
I like to skide about how technically difficult it is,
especially when I get it right and don't make too
many mistakes. There's some timing things there that you know.
With that horn that approaches from the distance the football
commentators shouting at goal has to be faded down. You
(05:39):
don't care to be perfectly honest. Katie, our new christ
Church reporter, was sitting in it on the show this
morning and I was showing off basically, so that's probably
the only reason I got it right. For a change wrap,
all right, it's time to talk about how much people
get paid, for example CEOs. We did a biz at
(06:06):
five to seven this morning on CEO pay. We wondered
why the CEO of in New Zealand and the CEO
of the warehouse both got the big pay rises. But
you know, they do get paid what they get paid,
and some people, perhaps you get paid less or more.
Who knows.
Speaker 3 (06:25):
Health New Zealand paid at CEO my eight hundred and
seventy five thousand dollars per endum, iffing ridiculous money. No,
it's not eight hundred and seventy five. Let me be
to you controversial. Eight hundred and seventy five thousand dollars
to run something the size of Health is a bargain.
It's a joke. I wouldn't do it for eight hundred
and seventy five that I'd want five million to run
Health New Zealand. Why Because it's massive, it's complex, and
(06:48):
it requires some fairly big brains to do it. What
you're pointing out is that the person getting the eight
hundred and seventy five was useless, So it's not about
the money, it's about the talent.
Speaker 2 (06:59):
Also, what would happen if instead of eight seventy five
they paid them one point six million instead? Would they
not be useless instantly? Because of that? These are the
ineffable questions, aren't they. You can try to have them
that we can't the rewrap. And then because of the
strike going on, inevitably we got on to how much
(07:21):
doctors should be paid.
Speaker 3 (07:22):
You just told us Mike about CEO pay packages and
how they're worth it. In their next interview about doctors
striking bit of paying conditions. It's a clear example of
the pay and balance. People aren't paid what they're worth.
Are very very good point. The question is what are
they worth? And in that lies the industrial picket line,
(07:42):
doesn't it at the end of the day. So a
person is worth what they're worth, depending on who's writing
the checks and whether or not they've got any money.
A CEO is paid what the board thinks the CEO
is worth, and as long as the board agrees and
the CEO agrees, no one else matters. And as far
as a unionized workforce is concerned, generally it comes down
because they are so often at the behest of the
public purse, as is so off in the case in
(08:04):
a broke country, you have no money. You can only
offer what you have, and when it's nothing, nothing.
Speaker 2 (08:08):
Yes. In fact, I made a joke on air about
taking the pay rises at Greg four and the and
the guy from the warehouse guy and spreading them out
amongst the doctors, which, of course, arithmetic mathematically, it wouldn't
work the rerat arithmeticallyth Yeah, everything, That's what I was
(08:30):
trying to say. Anyway, more doctor talk people, people really
want to pay doctors more. I don't think they personally
want to pay them more, like when they go to
the doctor, but they'd really like the doctors to be
paid more.
Speaker 3 (08:44):
Very good question that says there's not much question, Mike,
in what a doctor is worth. Well there is, because
if there wasn't, we wouldn't have a strike, would we.
And it's who pays the bills. A doctor is worth
what they can get and if they can get more
in countries we regularly like to compare ourselves with. Then
the answer is fairly simple. No it's not, and you
can make it sound as simple as that. But otherwise,
(09:04):
why would people come to the country, Why would we
have an immigration rate, why we would have a gain
in immigration? And why would when you put nurses on
fast track they suddenly come to the country. Why would
they come to the country to be more poorly paid?
And then you've got the myth and I think Simeon
Brown's been trying to work fairly hard on this, if
not the Prime Minister. Nurses now are paid at New
South Wales level, But a nurse is still going to
(09:26):
New South Wales, yes they are, and nurses coming from
New South Wales to News yes that so it just
depends on what you're looking for. The big selling point
for New Zealand and this is where it gets into
a slightly different area. I'm not sure it's as strong
as it used to be. The big selling point for
New Zealand was New Zealand seen from the outside looking
in is a godlike creation that you can't get enough of.
That it's a magical place that, no, you might not
(09:48):
earn as much money, but what a lifestyle, what a
place to raise your kids. And that's what attracts people
here because of all you're ever going to do is go, well,
I'm a doctor, I'm a scientist, and I can earn
more in Sweden, more in Denmark, more in America, more
in Britain. You never have no one left. If you
look at the CEO's list this morning, CEOs and America
don't earned three four five million dollars. They earned fourt
(10:08):
fifty sixty seventy million dollars. And so we'd all go
to America to be CEOs. It doesn't work that way.
And when you've got bulk numbers of people as opposed
to a singular CEO, you got a handful of CEOs
in this country comparatively speaking, when you've got bulk numbers
of people, whether it be teachers, nurses, or doctors, in
other words, hundreds of not thousands, and they're paid by
the public purse. You can't just go around in a
(10:30):
country and an economy the size of New Zealand five
million people saying well, in Sweden they earned three hundred
and sixty seven thousand dollars. Unless you pay me that,
I'm off because you'll have to be off, because there's
no way we can afford it.
Speaker 2 (10:40):
That's why do we not take like the pay rise
that the CEO of in New Zealand and the CEO
of the warehouse God and then spread that out amongst.
Speaker 3 (10:49):
Them that you sound like a texter, Sure you can,
and you would get somewhere. What would you get would
you get more or less than one cent each? By
the time you spread it all about the place?
Speaker 2 (10:58):
You haven't done them?
Speaker 3 (10:59):
Man, exactly?
Speaker 2 (10:59):
Ah, that was that that I was talking about before.
Build it so now, actually that's a bloody good point
I made before. I've just been thinking about what I
said about the whole You know, we want doctors to
be paid. You know, heaps, hundreds and hundreds of thousands perfectly,
but we don't if you next time you went to
(11:21):
your doctor's visit and you were told, oh, that'll be
a thousand bucks, you wouldn't be very happy about that,
would you. So yeah, is that the best point I
made so far this year?
Speaker 1 (11:37):
Probably?
Speaker 2 (11:37):
I haven't actually made that many points. I'd be right
up there. I'm definitely getting paid too much to do this.
I think we can all agree on that. That's the
other interesting thing. Isn't it like doctors can't be paid
too much as far as we're concerned, I think, But
then there are certain professions that there's a crossover somewhere
along the way where people start getting paid too much
(11:59):
for what they do. So we're all agreed that CEOs
get paid too much because they don't really do anything,
and they're getting paid way too much to do nothing.
So it's somewhere between doctor and ceo. Where do I
fit in here talking to you on this imaginary radio show,
not even knowing if you're still listening at this point,
(12:20):
I wouldn't blame you if you weren't. This has been
this last but especially it's going on forever, So let's
stop it and we'll try again on that.
Speaker 1 (12:34):
For more from news Talks at b listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio
You're listening to a podcast from Newstalk zed B. Follow
this and our wide range of podcasts now on iHeartRadio Rewrap.
Speaker 2 (00:25):
Okay there and welcome to the Rewrap. For Friday, all
the best bits from the mic, asking breakfast on news,
doog ZB and a sillier package. I am Glen Heart.
Today we will mark the week because it's Friday and
it's what we do. We're gonna complain about how much
CEOs get paid, and then we're going to try and
figure out how much doctors should get paid. But before
any of that, the week in politics. I think if
(00:49):
you add it all up, it might be three niel
to the government actually for the data play.
Speaker 3 (00:53):
Three prizes for three good calls this week by the government.
One financial literacy coming to a school near you in
twenty twenty seven, not a day too soon, and in
mini respects, it's the more valuable end of the education spectrum.
Education you can actually use. Two Nikola Willis and her
cutting of the operating allowance from two point four to
one point three. Two point four already had headlines for
(01:13):
being skinny and unrealistic. One point three is rabbit out
of a hat material. I assume she's telling the truth
when she says she's found billions and savings, because you
can't run a country on thin air. And then three
David Seymour with more reality checked reminders that we've got
too much government. In a speech yesterday, he alerts us
to just how much government eighty two portfolios, forty one departments,
(01:33):
twenty eight ministers. If you ever wanted an example of bloat,
there it is. The portfolio joke is about appeasing people.
Of course, there isn't an issue or pressure group you
can't appease by inventing a label. The real issue is ministers.
The good news currently, as Audrey Young and The Herald
this Week pointed out in her famous marking of ministers
annual outing, most of them are getting good scores, most
(01:54):
of them are decent operators. But it's not always the case,
and too often the last government was your classic example.
Portfolios are used and or invented to reward loyalty and
or give people pay rises. Whether you can do the
job is secondary. Good governments are run by a handful
of talent. Of course, go back to David Longe. It
was David Longe, Douglas Prebble Kagel Clark, it was Clark, Cullen, Goff,
(02:15):
King Key, it was Key English Joys. This time it's
luxem Bishop Willison Brown, multiple portfolios at the heavyweighting end
of the index. Unlike the real world, though, you will note,
cabinets and government never downsize. I mean, the public service
gets downsized all the time, but the government never is.
Lots of departments, lots of portfolios, lots of busy, busy, busy. Sadly,
for Seymour, unlike the other two ideas this week, this
(02:37):
isn't real. Financial literacy will materially improve our kid's future,
Willis and her austerity. Austerity will materially improve our economy.
If Seymour somehow trimp's a single minister or ministry, it
won't be an idea, It'll be a miracle.
Speaker 2 (02:53):
Right, So yeah, like I say, it's free Noel the
hat track. Basically, thanks can only get worse for them
next week, I'd say it's the rewrap. I guess we'll
find out what we mark that week next week. But
here's us marking the week this way.
Speaker 3 (03:08):
Time down to Marke. The weak little piece of news
and current Eventsident's as popular as a red warning southerly
uppy back passage in Lyell Bay. Speaking of Wellington Tory nine,
you can't let well leave. She scored it herself. Nine.
Why wouldn't you? Shouldn't you I when you're as brilliant
as she is? God, she deserves a holiday. Donald seven.
Speaker 1 (03:26):
We're up too close to eight trillion dollars.
Speaker 3 (03:28):
I think I can say for the sheer madness, the calamity,
the unbelievable amount of bullshit he spouted in one hundred days,
you'll never see the like again, unless, of course, he
runs for a third and fourth term. Auckland FC eight.
You can't argue with that execution of success. Have a dream,
get a team, win the comp that's brilliant. Sky TV
seven well done on the snooker upside. Apart from anything,
(03:50):
the quality of the competition is absolutely sensational COVID thirty
one thousand. That's a lot of submissions and indicates the
impact is still very real for many of US. Canada.
Speaker 2 (04:01):
Seven, we have to look out for ourselves.
Speaker 3 (04:05):
Election of the year so far will almost certainly be
Tomorrow's Australia unless Dutton does a Morrison, and I'm not
running odds on that. Speaking of odds weimo to a
deal with Toyota to provide you with a driver's car
in our lifetime. I don't think so, Speaking of which Toyota.
Seven all blacks deal, nice fit. How good is to
mighty William's going to look in a year? Or say
(04:26):
James Meagher Three says random stuff like he's looking into
helping you in New Zealand and the regions and getting
fears down. He's also, by the way, looking to get
butter under four dollars a block Finance Studies. Eight gets
the Good Government Move of the Week award from me
Ruer Peyhu and their deal. Six tok too long, got
to angsty, wasted too much time, but we got there.
(04:46):
Get your resign Rossignol's ready acc changing the mariads for
manufacturing and making them non race based well six for
act highlighting it. Two for RACC for yet again ignoring
simple government instruction Nicola and her austerity. Six deserves q
dos for holding the line in politics. You see the
easy ways off and the road most traveled. Being tough
(05:08):
and realistic in a country that loves a handout takes
gonutes and that is the week. Copies on the website
and once again we are proud not to have left
anyone stranded in Australia just because they turned up with
the kayak.
Speaker 2 (05:18):
Pretty happy with that mark the week. As you know,
I like to skide about how technically difficult it is,
especially when I get it right and don't make too
many mistakes. There's some timing things there that you know.
With that horn that approaches from the distance the football
commentators shouting at goal has to be faded down. You
(05:39):
don't care to be perfectly honest. Katie, our new christ
Church reporter, was sitting in it on the show this
morning and I was showing off basically, so that's probably
the only reason I got it right. For a change wrap,
all right, it's time to talk about how much people
get paid, for example CEOs. We did a biz at
(06:06):
five to seven this morning on CEO pay. We wondered
why the CEO of in New Zealand and the CEO
of the warehouse both got the big pay rises. But
you know, they do get paid what they get paid,
and some people, perhaps you get paid less or more.
Who knows.
Speaker 3 (06:25):
Health New Zealand paid at CEO my eight hundred and
seventy five thousand dollars per endum, iffing ridiculous money. No,
it's not eight hundred and seventy five. Let me be
to you controversial. Eight hundred and seventy five thousand dollars
to run something the size of Health is a bargain.
It's a joke. I wouldn't do it for eight hundred
and seventy five that I'd want five million to run
Health New Zealand. Why Because it's massive, it's complex, and
(06:48):
it requires some fairly big brains to do it. What
you're pointing out is that the person getting the eight
hundred and seventy five was useless, So it's not about
the money, it's about the talent.
Speaker 2 (06:59):
Also, what would happen if instead of eight seventy five
they paid them one point six million instead? Would they
not be useless instantly? Because of that? These are the
ineffable questions, aren't they. You can try to have them
that we can't the rewrap. And then because of the
strike going on, inevitably we got on to how much
(07:21):
doctors should be paid.
Speaker 3 (07:22):
You just told us Mike about CEO pay packages and
how they're worth it. In their next interview about doctors
striking bit of paying conditions. It's a clear example of
the pay and balance. People aren't paid what they're worth.
Are very very good point. The question is what are
they worth? And in that lies the industrial picket line,
(07:42):
doesn't it at the end of the day. So a
person is worth what they're worth, depending on who's writing
the checks and whether or not they've got any money.
A CEO is paid what the board thinks the CEO
is worth, and as long as the board agrees and
the CEO agrees, no one else matters. And as far
as a unionized workforce is concerned, generally it comes down
because they are so often at the behest of the
public purse, as is so off in the case in
(08:04):
a broke country, you have no money. You can only
offer what you have, and when it's nothing, nothing.
Speaker 2 (08:08):
Yes. In fact, I made a joke on air about
taking the pay rises at Greg four and the and
the guy from the warehouse guy and spreading them out
amongst the doctors, which, of course, arithmetic mathematically, it wouldn't
work the rerat arithmeticallyth Yeah, everything, That's what I was
(08:30):
trying to say. Anyway, more doctor talk people, people really
want to pay doctors more. I don't think they personally
want to pay them more, like when they go to
the doctor, but they'd really like the doctors to be
paid more.
Speaker 3 (08:44):
Very good question that says there's not much question, Mike,
in what a doctor is worth. Well there is, because
if there wasn't, we wouldn't have a strike, would we.
And it's who pays the bills. A doctor is worth
what they can get and if they can get more
in countries we regularly like to compare ourselves with. Then
the answer is fairly simple. No it's not, and you
can make it sound as simple as that. But otherwise,
(09:04):
why would people come to the country, Why would we
have an immigration rate, why we would have a gain
in immigration? And why would when you put nurses on
fast track they suddenly come to the country. Why would
they come to the country to be more poorly paid?
And then you've got the myth and I think Simeon
Brown's been trying to work fairly hard on this, if
not the Prime Minister. Nurses now are paid at New
South Wales level, But a nurse is still going to
(09:26):
New South Wales, yes they are, and nurses coming from
New South Wales to News yes that so it just
depends on what you're looking for. The big selling point
for New Zealand and this is where it gets into
a slightly different area. I'm not sure it's as strong
as it used to be. The big selling point for
New Zealand was New Zealand seen from the outside looking
in is a godlike creation that you can't get enough of.
That it's a magical place that, no, you might not
(09:48):
earn as much money, but what a lifestyle, what a
place to raise your kids. And that's what attracts people
here because of all you're ever going to do is go, well,
I'm a doctor, I'm a scientist, and I can earn
more in Sweden, more in Denmark, more in America, more
in Britain. You never have no one left. If you
look at the CEO's list this morning, CEOs and America
don't earned three four five million dollars. They earned fourt
(10:08):
fifty sixty seventy million dollars. And so we'd all go
to America to be CEOs. It doesn't work that way.
And when you've got bulk numbers of people as opposed
to a singular CEO, you got a handful of CEOs
in this country comparatively speaking, when you've got bulk numbers
of people, whether it be teachers, nurses, or doctors, in
other words, hundreds of not thousands, and they're paid by
the public purse. You can't just go around in a
(10:30):
country and an economy the size of New Zealand five
million people saying well, in Sweden they earned three hundred
and sixty seven thousand dollars. Unless you pay me that,
I'm off because you'll have to be off, because there's
no way we can afford it.
Speaker 2 (10:40):
That's why do we not take like the pay rise
that the CEO of in New Zealand and the CEO
of the warehouse God and then spread that out amongst.
Speaker 3 (10:49):
Them that you sound like a texter, Sure you can,
and you would get somewhere. What would you get would
you get more or less than one cent each? By
the time you spread it all about the place?
Speaker 2 (10:58):
You haven't done them?
Speaker 3 (10:59):
Man, exactly?
Speaker 2 (10:59):
Ah, that was that that I was talking about before.
Build it so now, actually that's a bloody good point
I made before. I've just been thinking about what I
said about the whole You know, we want doctors to
be paid. You know, heaps, hundreds and hundreds of thousands perfectly,
but we don't if you next time you went to
(11:21):
your doctor's visit and you were told, oh, that'll be
a thousand bucks, you wouldn't be very happy about that,
would you. So yeah, is that the best point I
made so far this year?
Speaker 1 (11:37):
Probably?
Speaker 2 (11:37):
I haven't actually made that many points. I'd be right
up there. I'm definitely getting paid too much to do this.
I think we can all agree on that. That's the
other interesting thing. Isn't it like doctors can't be paid
too much as far as we're concerned, I think, But
then there are certain professions that there's a crossover somewhere
along the way where people start getting paid too much
(11:59):
for what they do. So we're all agreed that CEOs
get paid too much because they don't really do anything,
and they're getting paid way too much to do nothing.
So it's somewhere between doctor and ceo. Where do I
fit in here talking to you on this imaginary radio show,
not even knowing if you're still listening at this point,
(12:20):
I wouldn't blame you if you weren't. This has been
this last but especially it's going on forever, So let's
stop it and we'll try again on that.
Speaker 1 (12:34):
For more from news Talks at b listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio
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On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!