Fonterra Board Pay Rise: Chair Fee Up to $528,500
Fonterra board members are in line for a pay rise of around 3%.
More money for Fonterra means more moolah trickling into rural towns and communities.
Sadly, not everyone is elated with the co-op.
‘Serial Fonterra hater’, Greenpeace issued a release last week calling out Fonterra for ‘profiting from rainforest destruction’. But only two million tonnes of palm kernel expeller are imported, and they make a small portion of the feed going into cows.
Greenpeace would love to see fewer cows in NZ. Fortunately, that view isn’t widely shared by New Zealanders.
