Sugar hit
OPINION: Winston Peters has described the decision to sell its brand to Lactalis and disperse the profit to its farmer shareholders as a 'short sighted sugar hit'.
Your old mate hears that the self-nominated Guiney was the top-polling candidate at this year’s director elections.
This must have been a double whammy to Fonterra’s network of old-boys who not only engineered Guiney’s departure from the board last year via their Stalinist ‘board candidate nominee process’ but also watched as two of their ‘nominees’ failed to get elected last month.
One can only guess there will be some very uncomfortable people with red faces when they welcome the South Canterbury farmer back to Gumboot Castle in Auckland. Awkward, as they say.
