Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra’s disastrous financial result is trending on social media today, with former chief executive Theo Spierings' pay a focal point.
Much of the criticism and shock on Twitter have been directed towards the revelation that former chief executive Theo Spierings took home $8 million in salary and bonuses — for the second year in a row.
Dave Macpherson, Hamilton describes the pay as “a rip-off”.
“Dutch Fonterra boss gets $8.1m as he leaves on the back of Fonterra’s $196m annual loss,” he tweeted.
Paul Brislen replied that he could “efficiently lose $200m for the company and I’ll do it for half!”
Sharemilker Melissa Slattery thinks there’s something wrong with the long-term incentive pay at the co-op.
“What is Fonterra doing to stop repeat for management pay?
“Grinds my gears why is CFO at the time of making those decisions still employed by Fonterra.”
Former Agriculture Minister and opposition agriculture spokesman Nathan Guy also had his say on Fonterra’s poor results.
He tweeted that the results are very disappointing.
“The board and management will need to explain the ‘why’ & importantly what’s the go forward plan?.
“Farmers do the hard yards producing the milk & must see big improvements in performance. Regional NZ and the economy relies on a strong Fonterra.”
Third-year student Cady Burns has won the Waikato Regional Council Prize in Water Science for 2024.
The Rural Change programme, providing free private mental health professional sessions to the rural industry, is set to continue its next chapter within Rural Support Trust from 1 July 2024.
Beef + Lamb New Zealand chief executive Sam McIvor will step down in July.
A new report shows farm employers across the dairy, sheep and beef, and arable sectors have continued to invest strongly in one of their greatest assets – their staff.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
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