BRIAN GAYNOR: CEOs receive $60.8 million and leave a mess behind

Sat, 26 Sep 2020

Fonterra’s profit rebound is a strong reminder that New Zealanders should be the preferred leaders of our major companies.Current Fonterra chief executive Miles Hurrell has made a positive start to cleaning up the mess left by his predecessor, Theo Spierings, while Fletcher Building shareholders continue to suffer from the stewardship of former CEO Mark Adamson.Spierings and Adamson received total remuneration of $60.8 million yet both companies are struggling to recover from their stewardships.The most frustrating aspect of these debacle...

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