Opinion

We should put an end to the Fonterra millionaires factory

Jenny Ruth
Mon, 24 May 2021

Fonterra's $8m man, Theo Spierings, pocketed another $4.6m on the way out.
Jenny Ruth
Mon, 24 May 2021
In Australia, Macquarie Group is known as the millionaires' factory because of all the lucrative deals it does that turn so many of its executives into millionaires.New Zealand has its own version but, far from possessing the huge trail of successful deals Macquarie has pulled off, ours is a sorry tale of bloated pay packets, unwise investments and appalling financial results.Because although Fonterra has failed in its mission to move the NZ dairy industry up the value chain, you wouldn't guess that from examining the ranks of its best-...

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