Fonterra bombshell: $675m loss looms, no dividend
Fonterra is signalling a full-year loss of up to $675 million for 2018-19.
A recent example of its clear lack of openness was Damien O’Connor’s secret DIRA review committee (revealed by this fine organ), with anti-Fonterra campaigners Tony Baldwin and Peter Fraser as key members.
Your old mate has heard that revelations of O’Connor’s clandestine DIRA committee have sent Fonterra management and shareholders apoplectic.
Especially finding out that Fraser, a long time critic of the dairy co-op and a paid adviser to one of its competing dairy companies, so deeply involved in O’Connor’s review process.
