Protecting their own little empires and their cronies.
Carter and Stiassny then created another flaming empire the RIU whose costs will be outrageous .
Stiassny chose a totally unsuitable person to run the NZRB at an absolutely crucial time for the industry and then allowed that person 18 months to show us all how incompetent he was. Now he has been replaced by a buffoon who is every bit as incompetent.
The result of the Stiassny years is a rapidly DECREASING turnover ,massive increases in costs and a diminishing of NZRB reserves by some $20 million.
However, I do wish he did have the guts and more importantly the nous to make the crucial hard decisions to save the industry because as zzz rightly points out the self interest and cronyism in this is slowly killing it.