Politicians get dildos to the face when Kiwis aren’t happy but heads of mutinational companies get a fist.
NZ Farming has just posted on its Facebook page the news that Theo Spierings, boss of Fonterra, hast been punched in the face at Dargaville Field Days.
NZ Farming followers have been quick to gave their thoughts on the alleged incident, which has since been denied:
Whatever the truth of the matter, there is obviously a strength of feeling here that cannot be ignored.
Three days ago companies that supply Fonterra railed against what they said were crippling payment demands to the beleaguered company. Fonterra introduced a new deadline for payments to its suppliers, extending it from 30 to 90 days, and also asked them to cut their charges. Suppliers hit back, warning of a backlash in the provinces.
Fonterra’s management were recently criticsed for paying excessively high salaries to its management team, while its farmers struggled to cope on dwindling milk payouts.
Fonterra’s 2015 financial report shows the top earner, chief executive Theo Spierings, had a salary band within $4.9 million. This represented a $770,000 increase on his 2014 remuneration package.
But in September last year, on the same day Fonterra announced 230 jobs were being cut, Spierings told staff he would not take the increase.
The freeze would apply only to his base salary and he would still be eligible for short and long-term “incentive” payments.
The financial statements also show the number of Fonterra employees who were paid a salary of more than $1m in the year to July 31 rose to 22 from 17 in the previous year. source