Why not take the knife to Fonterra’s management instead?

Fonterra's head office in Auckland. (Image: NZME)

Mon, 20 Jun 2022

A report that the Ministry for Primary Industries (MPI) commissioned and slipped onto its website with little fanfare has a few gems of comments about how the interests of Fonterra’s management aren’t the same as the interests of its farmer suppliers/shareholders.Fonterra’s management has “an incentive to grow the size of Fonterra as larger companies generally pay higher salaries, give senior managers more prestige and more projects to work on”, the report by consulting firm TDB Advisory said.“Thus, mana...

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