TVNZ staff have splashed out more than $3 million on company credit cards in the past six months - despite reports the state broadcaster is aiming to slash up to $40 million from its budget.
Figures released under the Official Information Act show more than half of TVNZ's 900 employees are issued with credit cards, with the average monthly spend almost $11,000.
The numbers smelt a bit funny to me, so I did a bit of simple math
$3m in 6 months is 500k per month between all the employees.
more than half of the 900 staff have cards. Lets say, for simplicity, that it is 500 staff have credit cards.
that is an average monthly spend of $1,000. not $11,000 as the herald claim.
quality journalism there