On Monday, Fonterra announced another round of job cuts, bringing layoffs to 750 for the year. Yesterday, their annual financial figures showed us why: profits were up, but revenue was down 15%, suggesting next year will be worse. So naturally, today we learn that their boss has given himself an 18% pay rise:
Fonterra’s chief executive received a pay rise of up to $770,000 last year, despite struggling milk prices and hundreds of his staff losing their jobs.
Fonterra chief executive Theo Spierings’ salary for the year to July 31 was between $4.93 million and $4.94 million, it was revealed in the company’s annual result on Thursday.
That’s up to 18 per cent more then what he was paid in the year to July 31, 2014, pushing his hourly take home wage up to $1595.
New Zealand’s adult minimum wage is $14.75.
It would take someone on minimum wage more than two weeks work to earn what Spierings makes in an hour.
Or 26 years to earn his pay rise.
Sack lots of people. Make less money. Watch your shareholder / suppliers go to the wall due to low prices. Clearly that’s the sort of performance which demands a boatload of cash.
We often find advocates of CEO pay increases are quick to justify such increases while also being rather good at expressing why common wages should stay down.
The sad thing, is that Fonterra is a co -operative – the profits are supposed to be returned to the farmers. Instead they have this imported CEO who specialises in Mergers (why not value added services which is where fonterra should be going) and has got the farmers going into debt with low milk payouts, putting Kiwi workers on the dole with job cuts, while awarding himself a massive pay rise, when turnover is DOWN (not a good sign in a business) and probably lower taxes to the government. WELL DONE NOT!
Send him a message Fonterra farmers and employees and the public!
+100 Ditto
However “The sad thing is, that Fonterra is a co-operative….”
It’s a co-operative that’s been buggerised and buggerised by those highly paid ‘leaders’ (ahem) who tempted its members by allowing them to flog off returns for short term gain when times are good (as I understand it).
The farmers have one of those “one remove” closed governance systems where they vote for a committee who sort out the directors don’t they? Just a closed loop really.
Frankly if you have 17 people paid over a $1m and they didn’t prepare for all this I’d sack the lot of them .
The original idea of the Fonterra merger was to strengthen the export of consumer products so NZ captured the value added. Instead they’ve exported commodities and wasted money building up production in other countries to compete with the locals and well as building processing plants there?
Remember the $100m plus factory they lost control of in China – which is still there under local control now. Great gift from the NZ farmers.
Yep why sell milk powder for peanuts when you could be adding value and creating jobs) by converting into higher value items and making a much higher return and improving supply chain in those areas? Or Jump on the organics growing at an enormous rate of growth in consumer demand.
Nope apparently organic milk farmers get the same price as conventional milk through Fonterra (although the consumer has to pay a lot more for it).
A whistle-blower comes forward with an accusation of widespread market rigging (possibly involving billions of dollars over several years) and some would rather talk about the rugby?
Evidently, a number of citizens don’t care. And if we don’t care, surely we can’t expect anyone to act.
Carry on, nothing to see here. New episode of The Block starting next week. Red Peak anyone?
Hopefully, Little and Shaw are done talking about the flag, Green and Labour supporters are over Red Peak and their little tiff, so perhaps now we can work together and focus on the issues that really matter.
the nation shows our favorite wee dirty political rat in action – the ‘sick right’ in all its glory – spin like dirty shit water going down the toilet matty – you have never fooled me.
Totalitarianism Watch:
The assault on free speech in American universities continues.
by GLENN GREENWALD, The Intercept, 25 September 2015
There is no shortage of American pundits who love to denounce “PC” speech codes that restrict and punish the expression of certain ideas on college campuses. What these self-styled campus-free-speech crusaders typically — and quite tellingly — fail to mention is that the most potent such campaigns are often devoted to outlawing or otherwise punishing criticisms of Israel. The firing by the University of Illinois of Professor Steven Salatia for his “uncivil” denunciations of the Israeli war on Gaza — a termination that was privately condoned by Illinois Democratic Senator Dick Durbin — is merely illustrative of this long–growing trend.
One of the most dangerous threats to campus free speech has been emerging at the highest levels of the University of California system, the sprawling collection of 10 campuses that includes UCLA and UC Berkeley. The university’s governing Board of Regents, with the support of University President Janet Napolitano and egged on by the state’s legislature, has been attempting to adopt new speech codes that — in the name of combating “anti-Semitism” — would formally ban various forms of Israel criticism and anti-Israel activism.
Under the most stringent such regulations, students found to be in violation of these codes would face suspension or expulsion. In July, it appeared that the Regents were poised to enact the most extreme version, but decided instead to push the decision off until September, when they instead would adopt non-binding guidelines to define “hate speech” and “intolerance.”
One of the Regents most vocally advocating for the most stringent version of the speech code is Richard Blum, the multi-millionaire defense contractor who is married to Sen. Dianne Feinstein of California. At a Regents meeting last week, reported the Los Angeles Times, Blum expressly threatened that Feinstein would publicly denounce the university if it failed to adopt far more stringent standards than the ones it appeared to be considering, and specifically demanded they be binding and contain punishments for students found to be in violation.
“We are living in a competitive world and people cannot be selfless, they have to be selfish. But the good news is that this is soft-wired and can be changed. Prayer, selfless service and meditation is the place to start.”
Ulluwishewa speaks with surety and with passion. His goal is to help people achieve transformation, individually and for a greater good. Through his studies he has noted a trend with people moving away from selfishness.
“People are now beginning to understand the consequences of consumerism and there are people that appreciate a simple life. The world is changing, the new spiritual revolution is coming from Western countries. One thing is that people are seeking happiness.”
And the question is there, does God exist? Ulluwishewa says that religion and being spiritual don’t have to mean that you believe in a God sitting on a cloud.
The next day, Shehi and the baby went home, and someone from the Department of Human Resources, the state child welfare agency, paid a visit. In recent years, Alabama authorities have been aggressive about removing newborns from the custody of mothers who abuse drugs, typically placing a baby with a relative or foster family under a safety plan that can continue for months or years. The social worker listened to Shehi and Sharpe’s story and concluded that theirs wasn’t one of those situations. “She said: ‘I understand the pain you are in, and I understand what’s going on. I won’t take the baby away,’ ” Sharpe recalled.
But one morning a few weeks later, when Shehi was back at her job in a nursing home and the baby was with a sitter, investigators from the Etowah County Sheriff’s Office showed up at the front desk with a warrant. She had been charged with “knowingly, recklessly, or intentionally” causing her baby to be exposed to controlled substances in the womb – a felony punishable in her case by up to 10 years in prison. The investigators led her to an unmarked car, handcuffed her and took her to jail.
Key and his ignorance really has to go ,everyday theres some cock up or another coming from this govt
Hes like a permanent state of stupidity like Muldoon over the springbok tour in the 80s
Can anyone seriously see him as leading this country as I for one wouldnt buy into any of what he makes us endure
Chaos for the young
Insecurity for the old
Fascist allegiance in the workplace and govt
No moral compass or understanding of the damage war does which makes him the epitome of the saying
Was going to quote something but what suits Key is “Hes a Bloody Fascist”
Well the only conclusion now is that the crown know they have no case against dotcom. So far two days of public grandstanding. So far not one shred of actual evidence of any actual crime. They up to page 50 of 250. So i guess they reckon that after ten more days of breathless exposure of sinppits drawn sans context from years of communications, we will all be convinced and the judge will be swayed by public opinion. Well i suppose its a plan when they have nothing else! good old tvnz helping with their multiple references to the “co-conspiretors” and assigning reporter who is totally ignorant of the technical details. But maby the lawyers at Sony who advised them not to participate in the action knew what they were about. We may have to forgo the pandas for a few years untill the public purse recovers.
EARTH to Co-leader Metiria Turei – ARE YOU RECEIVING? – OVER…..
I repeat ….
EARTH to Co-leader Metiria Turei – ARE YOU RECEIVING? – OVER…..
State your position please ….. over
Control to Green Squad – no response – should we send out a rescue?
Green squad to Control – yea/nah, hold off – coLeader Jimmy’s running the options
STANDBY
The State may try to stop some families having more children
Tolley acknowledged it would be a “huge step” for the state to start telling people that they could not have another child, but said it was “a conversation that New Zealanders, perhaps, need to have”.
Tolley did not rule out limiting or preventing some families from having another child, but said she would wait to see what the panel recommended in December.
It looks suspiciously like another distraction: Tory scum kill children with their blithering incompetence and vile prejudice, then pretend that the victims are asking for it.
Tories are walking adverts for post-natal abortion.
It’s a smokescreen: the trash need something to distract from their policies manslaughter, so they let Anne Tolley run her mouth, everyone gets excited, the manslaughter gets pushed down today’s list of headlines.
The Sabinist wing of the National Party will support anything that promises to legitimise their sick fantasies. They’re useful as a distraction, and nothing else: National’s owner/donors won’t fund the civil war they crave.
I’m going to stick my neck out and say that as long as it is done through educating and making it free to all then offering contraception to people at the troubled end of society is a good thing .
Part and parcel of the right wing self-serving lie that poverty is inevitable. That’s what it is. Wait, there’s more: it moves beyond victim-blaming into violence.
Anyone who collaborates in this vile fascism needs to be extradited to The Hague for human rights violations.
I did notice there was nothing said about getting men the chop .
Its cheaper easy and some of the drop kicks I’ve known that think its neat having kids all over the place would probably jump at it for a easy $10 k.
Just for the record I am totally opposed to forced sterilization.
What man slaughter are you on about ??
The two fallas i was thinking about are not victims and there not even that bad a people but they a boys in men’s bodies ,who don’t think that if the have a child they should care for them.
See if you can figure it out: why on Earth would anyone describe the National Party’s social and economic policies as manslaughter? Why oh why? Perhaps it’s all the deaths they cause.
Just another piece of fascist control by the Fuhrer state
If you cant afford kids you state should have the right to control you why should the rich support the poor blah blah and all the rest of it
Yeah right 2 crispies with your cuppa Ann? give me strength
“Last week’s announcement that Saudi Arabia — easily one of the world’s most brutally repressive regimes — was chosen to head a U.N. Human Rights Council panel provoked indignation around the world. That reaction was triggered for obvious reasons. Not only has Saudi Arabia executed more than 100 people already this year, mostly by beheading (a rate of 1 execution every two days), and not only is it serially flogging dissidents, but it is reaching new levels of tyrannical depravity as it is about to behead and then crucify the 21-year-old son of a prominent regime critic, Ali Mohammed al-Nimr, who was convicted at the age of 17 of engaging in demonstrations against the government.”
This is not the story we are told. Instead we read story after story like this latest one from the Guardian, claiming that 140 years of job creation show that jobs will always be created. And yet the ongoing trend of such articles is to mostly ignore the potentially unnecessary nature of the jobs themselves, the level of skill involved to perform them, and the lower pay they can command than the jobs they are replacing. Take for example the following excerpt:
Their conclusion is unremittingly cheerful: rather than destroying jobs, technology has been a “great job-creating machine”. Findings by Deloitte such as a fourfold rise in bar staff since the 1950s or a surge in the number of hairdressers this century suggest to the authors that technology has increased spending power, therefore creating new demand and new jobs.
So there’s no need to worry about technological unemployment, because there will always be a need for more bar-backs and haircuts? Is that bar-back better off no longer having a manufacturing job paying $40,000 per year and instead having a job paying $20,000 per year in the service industry? Is that an important job to the human species, bringing empty glasses from Point A to Point B? Is the job entirely voluntary or done out of need for income? And is this a job that just can’t possibly be done by a machine, or outright eliminated? Ever? Is the service industry really safe?
Those who moved into optimal jobs showed significant improvement in mental health compared to those who remained unemployed. Those respondents who moved into poor-quality jobs showed a significant worsening in their mental health compared to those who remained unemployed.
So, getting people off of unemployment does help them but only if it’s a good job otherwise it’s doing them harm. Something else this government should be charged with.
When you have the US and European governments now say, they want to talk with and keep this man in power for a transition time, I can confidently say, the “west” has totally lost the plot and is prepared to make deals with the worst of other parties there are:
This will give both Nusra Front and ISIS the perfect reason to recruit even more disillusioned to join the war, and also to have bombs blow up in places in “the west”. How stupid is “the west”, how damned ignorant are Obama, Merkel and others, they are digging their own graves, I fear.
“The west” is the Roman Empire of modern days, and its empire is numbered by days. l also have NO time for Putin and his agenda, who some here seem to support, it is pure madness, what is going on. Denial is the rule of the day, prepare for the worst.
Another interview with western media, where a ruthless dictator defends himself and his military and police, I cannot believe, that European governments, the US and so want to talk with those supporting him:
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Hi,If you’ve been reading Webworm for a while, you’ll be familiar with Anna Wilding. Between 2020 and 2021 I looked at how the New Zealander had managed to weasel her way into countless news stories over the years, often with very little proof any of it had actually happened. When ...
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Happy New Year!I had a lovely break, thanks very much for asking: friends, family, sunshine, books, podcasts, refreshing swims, barbecues, bike rides. So good to step away from the firehose for a while, to have less Trump and Seymour in your day. Who needs the Luxons in their risible PJs ...
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Hi,A lot’s happened this year in the world of Webworm, and as 2024 comes to an end I thought I’d look back at a few of the things that popped. Maybe you missed them, or you might want to revisit some of these essay and podcast episodes over your break ...
Hi,I wanted to share this piece by film editor Dan Kircher about what cinema has been up to in 2024.Dan edited my documentary Mister Organ, as well as this year’s excellent crowd-pleasing Bookworm.Dan adores movies. He gets the language of cinema, he knows what he loves, and writes accordingly. And ...
Without delving into personal details but in order to give readers a sense of the year that was, I thought I would offer the study in contrasts that are Xmas 2023 and Xmas 2024: Xmas 2023 in Starship Children’s Hospital (after third of four surgeries). Even opening presents was an ...
Heavy disclaimer: Alpha/beta/omega dynamics is a popular trope that’s used in a wide range of stories and my thoughts on it do not apply to all cases. I’m most familiar with it through the lens of male-focused fanfic, typically m/m but sometimes also featuring m/f and that’s the situation I’m ...
Hi,Webworm has been pretty heavy this year — mainly because the world is pretty heavy. But as we sprint (or limp, you choose) through the final days of 2024, I wanted to keep Webworm a little lighter.So today I wanted to look at one of the biggest and weirdest elements ...
A listing of 23 news and opinion articles we found interesting and shared on social media during the past week: Sun, December 22, 2024 thru Sat, December 28, 2024. This week's roundup is the second one published soleley by category. We are still interested in feedback to hone the categorization, ...
We’ll have a climate change ChristmasFrom now until foreverWarming our hearts and mindsAnd planet all togetherSpirits high and oceans higherChestnuts roast on wildfiresIf coal is on your wishlistMerry Climate Change ChristmasSong by Ian McConnellReindeer emissions are not something I’d thought about in terms of climate change. I guess some significant ...
KP continues to putt-putt along as a tiny niche blog that offers a NZ perspective on international affairs with a few observations about NZ domestic politics thrown in. In 2024 there was also some personal posts given that my son was in the last four months of a nine month ...
The Green Party has welcomed the provisional ceasefire deal between Israel and Hamas, and reiterated its call for New Zealand to push for an end to the unlawful occupation of Palestine. ...
The Green Party welcomes the extension of the deadline for Treaty Principles Bill submissions but continues to call on the Government to abandon the Bill. ...
Complaints about disruptive behaviour now handled in around 13 days (down from around 60 days a year ago) 553 Section 55A notices issued by Kāinga Ora since July 2024, up from 41 issued during the same period in the previous year. Of that 553, first notices made up around 83 ...
The time it takes to process building determinations has improved significantly over the last year which means fewer delays in homes being built, Building and Construction Minister Chris Penk says. “New Zealand has a persistent shortage of houses. Making it easier and quicker for new homes to be built will ...
Minister of Internal Affairs Brooke van Velden is pleased to announce the annual list of New Zealand’s most popular baby names for 2024. “For the second consecutive year, Noah has claimed the top spot for boys with 250 babies sharing the name, while Isla has returned to the most popular ...
Work is set to get underway on a new bus station at Westgate this week. A contract has been awarded to HEB Construction to start a package of enabling works to get the site ready in advance of main construction beginning in mid-2025, Transport Minister Simeon Brown says.“A new Westgate ...
Minister for Children and for Prevention of Family and Sexual Violence Karen Chhour is encouraging people to use the resources available to them to get help, and to report instances of family and sexual violence amongst their friends, families, and loved ones who are in need. “The death of a ...
Uia te pō, rangahaua te pō, whakamāramatia mai he aha tō tango, he aha tō kāwhaki? Whitirere ki te ao, tirotiro kau au, kei hea taku rātā whakamarumaru i te au o te pakanga mo te mana motuhake? Au te pō, ngū te pō, ue hā! E te kahurangi māreikura, ...
Health Minister Dr Shane Reti says people with diabetes and other painful conditions will benefit from a significant new qualification to boost training in foot care. “It sounds simple, but quality and regular foot and nail care is vital in preventing potentially serious complications from diabetes, like blisters or sores, which can take a long time to heal ...
Associate Health Minister with responsibility for Pharmac David Seymour is pleased to see Pharmac continue to increase availability of medicines for Kiwis with the government’s largest ever investment in Pharmac. “Pharmac operates independently, but it must work within the budget constraints set by the government,” says Mr Seymour. “When this government assumed ...
Mā mua ka kite a muri, mā muri ka ora e mua - Those who lead give sight to those who follow, those who follow give life to those who lead. Māori recipients in the New Year 2025 Honours list show comprehensive dedication to improving communities across the motu that ...
Minister of Internal Affairs Brooke van Velden is wishing all New Zealanders a great holiday season as Kiwis prepare for gatherings with friends and families to see in the New Year. It is a great time of year to remind everyone to stay fire safe over the summer. “I know ...
From 1 January 2025, first-time tertiary learners will have access to a new Fees Free entitlement of up to $12,000 for their final year of provider-based study or final two years of work-based learning, Tertiary Education and Skills Minister Penny Simmonds says. “Targeting funding to the final year of study ...
Source: The Conversation (Au and NZ) – By Alexandra Sherlock, Lecturer, School of Fashion and Textiles, RMIT University Australian-owned brand UGG Since 1974 has announced it will change its name to “Since 74” for sales outside Australia and New Zealand. There has been a long-running battle over the rights ...
The committee has agreed to split into two sub-committees to increase the number of people it can hear from in the time available. Each sub-committee will meet for 30 hours total, together making up 60 of the 80 planned hours of hearings. ...
Source: The Conversation (Au and NZ) – By Ian Parmeter, Research scholar, Middle East studies, Australian National University The ceasefire agreement between Israel and Hamas, to come into effect on Sunday, has understandably been welcomed by the overwhelming majority of Israelis and Palestinians. Israelis are relieved that a process for ...
Source: The Conversation (Au and NZ) – By Christine Carson, Senior Research Fellow, School of Medicine, The University of Western Australia Over the past several days, the world has watched on in shock as wildfires have devastated large parts of Los Angeles. Beyond the obvious destruction – to landscapes, homes, ...
Source: The Conversation (Au and NZ) – By Rose Cairns, Senior Lecturer in Pharmacy, NHMRC Emerging Leadership Fellow, University of Sydney AtlasStudio/Shutterstock TikTok and Instagram influencers have been peddling the “Barbie drug” to help you tan. But melanotan-II, as it’s called officially, is a solution that’s too good to ...
Source: The Conversation (Au and NZ) – By Paula Jarzabkowski, Professor in Strategic Management, The University of Queensland A series of wildfires in Los Angeles County have caused widespread devastation in California, including at least 24 deaths and the destruction of more than 12,000 homes and structures. Thousands of residents ...
COMMENTARY:By Monika Singh The lack of women representation in parliaments across the world remains a vexed and contentious issue. In Fiji, this problem has again surfaced for debate in response to Deputy Prime Minister Manoa Kamikamica’s call for a quota system to increase women’s representation in Parliament. Kamikamica was ...
What compels someone of significant status in society to break the law, repeatedly, might be the same reason I did as a poor teenager. Former Green MP Golriz Ghahraman, who left parliament a year ago today following revelations of shoplifting, is now at the centre of another shoplifting complaint. As ...
Source: The Conversation (Au and NZ) – By Kath Albury, Professor of Media and Communication and Associate Investigator, ARC Centre of Excellence for Automated Decision-Making + Society, Swinburne University of Technology natamrli/Shutterstock Last week, social media giant Meta announced major changes to its content moderation practices. This includes an ...
"Gisborne has suffered from housing underdevelopment and a lack of supply, coupled with damage from severe weather events," Minister Tama Potaka says. ...
Source: The Conversation (Au and NZ) – By Marta Andhov, Associate Professor, Law School, University of Auckland, Waipapa Taumata Rau Iconic Bestiary/Shutterstock They say a picture is worth a thousand words. But in the world of legal contracts, pictures can be worth even more by making complicated concepts more ...
Asia Pacific Report The Committee to Protect Journalists (CPJ) has called on Egyptian, Palestinian and Israeli authorities to allow foreign journalists into Gaza in the wake of the three-phase ceasefire agreement set to to begin on Sunday. The New York-based global media watchdog urged the international community “to independently investigate ...
The agreement will ease Palestinians’ suffering, but international agencies will struggle to meet the massive need for humanitarian relief. This is an excerpt from The World Bulletin, our weekly global current affairs newsletter exclusively for Spinoff Members. Sign up here. We start the World Bulletin’s year with a rare piece of ...
Source: The Conversation (Au and NZ) – By Marika Sosnowski, Postdoctoral research fellow, The University of Melbourne After 467 days of violence, a ceasefire agreement between Hamas and Israel has been reached and will come into effect on Sunday, pending Israeli government approval. This agreement will not end the ...
We love to suffer through tramps to enjoy natural beauty… except when we don’t.It can feel a bit shitty to stay inside and wallow all day when it’s nice out. Hot sunlight hits your window and your mum’s voice rings around in your head: get outside and enjoy the ...
Requests for official information involving potentially damning correspondence are totally legitimate – but have been put in the ‘too hard basket' by officials refusing to properly follow the Local Government Official Information and Meetings ...
With the local body elections in October, a long-awaited upgrade of Courtenay Place, and big changes for water, housing and the economy, it’s set to be another dramatic year for the capital city. The Golden Mile Conservative city councillors made a last-minute attempt in November to scrap the Golden Mile ...
I’ve already broken most of my resolutions, and it’s only January. How do I salvage my clean slate? Want Hera’s help? Email your problem to helpme@thespinoff.co.nz Dear Hera,It’s only 6 days into the new year, and I’m already ready for 2026. I made five resolutions and have already broken ...
Source: The Conversation (Au and NZ) – By Samuel Cornell, PhD Candidate, UNSW Beach Safety Research Group + School of Population Health, UNSW Sydney byvalet/Shutterstock Australia is considered a nation of beach lovers. But with all this water surrounding us, drownings remain tragically common. At least 55 people have ...
Source: The Conversation (Au and NZ) – By Uri Gal, Professor in Business Information Systems, University of Sydney Sergii Gnatiuk/Shutterstock Over the past two years, generative artificial intelligence (AI) has captivated public attention. This year signals the beginning of a new phase: the rise of AI agents. AI ...
Source: The Conversation (Au and NZ) – By Dorina Pojani, Associate Professor in Urban Planning, The University of Queensland shisu_ka/Shutterstock A wide range of voices in the Australian media have been sounding the alarm about the phenomenon of “forever-renting”. This describes a situation in which individuals or families ...
Source: The Conversation (Au and NZ) – By Liz Giuffre, Senior Lecturer in Communication, University of Technology Sydney Originally known as 2JJ, or Double Jay, when it launched in Sydney at 11am on January 19 1975, Triple J has since become the national youth network. The station now encompasses broadcast ...
Currently, under 18s are legally allowed to buy Lotto tickets. That’s about to change, explains The Bulletin’s Stewart Sowman-Lund. To receive The Bulletin in full each weekday, sign up here. ...
The anonymised database is crucial to the government's social investment approach to funding programmes - but was incapable of doing so without extra investment. ...
Opinion: As I reflect on the tumultuous year that has passed and look forward to the year ahead, I wonder what it will hold.For me I can’t look past the middle of February right now as that is when my dissertation must be submitted, hopefully completing my master’s degree. It ...
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http://www.norightturn.blogspot.co.nz
On Monday, Fonterra announced another round of job cuts, bringing layoffs to 750 for the year. Yesterday, their annual financial figures showed us why: profits were up, but revenue was down 15%, suggesting next year will be worse. So naturally, today we learn that their boss has given himself an 18% pay rise:
Fonterra’s chief executive received a pay rise of up to $770,000 last year, despite struggling milk prices and hundreds of his staff losing their jobs.
Fonterra chief executive Theo Spierings’ salary for the year to July 31 was between $4.93 million and $4.94 million, it was revealed in the company’s annual result on Thursday.
That’s up to 18 per cent more then what he was paid in the year to July 31, 2014, pushing his hourly take home wage up to $1595.
New Zealand’s adult minimum wage is $14.75.
It would take someone on minimum wage more than two weeks work to earn what Spierings makes in an hour.
Or 26 years to earn his pay rise.
Sack lots of people. Make less money. Watch your shareholder / suppliers go to the wall due to low prices. Clearly that’s the sort of performance which demands a boatload of cash.
We often find advocates of CEO pay increases are quick to justify such increases while also being rather good at expressing why common wages should stay down.
The sad thing, is that Fonterra is a co -operative – the profits are supposed to be returned to the farmers. Instead they have this imported CEO who specialises in Mergers (why not value added services which is where fonterra should be going) and has got the farmers going into debt with low milk payouts, putting Kiwi workers on the dole with job cuts, while awarding himself a massive pay rise, when turnover is DOWN (not a good sign in a business) and probably lower taxes to the government. WELL DONE NOT!
Send him a message Fonterra farmers and employees and the public!
Evidently, with the ever increasing growth in CEO salaries, we’re OK with it.
Little will change unless a good number make it an issue.
+100 saveNZ
+100 Ditto
However “The sad thing is, that Fonterra is a co-operative….”
It’s a co-operative that’s been buggerised and buggerised by those highly paid ‘leaders’ (ahem) who tempted its members by allowing them to flog off returns for short term gain when times are good (as I understand it).
Paula Bennett was in Indonesia Sept 8th opening another new fonterror plant….
Here is the link http://www.fonterra.com/nz/en/hub+sites/news+and+media/media+releases/fonterra+opens+manufacturing+facility+in+indonesia/fonterra+opens+manufacturing+facility+in+indonesia
The farmers have one of those “one remove” closed governance systems where they vote for a committee who sort out the directors don’t they? Just a closed loop really.
Frankly if you have 17 people paid over a $1m and they didn’t prepare for all this I’d sack the lot of them .
The original idea of the Fonterra merger was to strengthen the export of consumer products so NZ captured the value added. Instead they’ve exported commodities and wasted money building up production in other countries to compete with the locals and well as building processing plants there?
Remember the $100m plus factory they lost control of in China – which is still there under local control now. Great gift from the NZ farmers.
Yep why sell milk powder for peanuts when you could be adding value and creating jobs) by converting into higher value items and making a much higher return and improving supply chain in those areas? Or Jump on the organics growing at an enormous rate of growth in consumer demand.
Nope apparently organic milk farmers get the same price as conventional milk through Fonterra (although the consumer has to pay a lot more for it).
J
“A cultural failure, at a management level.”
A banking insider says some New Zealand banks made up to $1.5 million a day manipulating inter-bank interest rates.
Widespread rigging of the benchmark inter-bank BKBM rate, mirroring Europe’s Libor (London Inter-bank Offered Rate) scandal that rocked markets worldwide.
Sources claim manipulation in New Zealand dated from the 1990s.
“Over 20 years, we’re probably talking about billions of dollars”
But no domestic regulator has ever launched an investigation.
http://www.stuff.co.nz/business/72422535/banks-accused-of-raterigging-ripoff
A whistle-blower comes forward with an accusation of widespread market rigging (possibly involving billions of dollars over several years) and some would rather talk about the rugby?
Evidently, a number of citizens don’t care. And if we don’t care, surely we can’t expect anyone to act.
Carry on, nothing to see here. New episode of The Block starting next week. Red Peak anyone?
Hang on a minute….wasn’t Our Leader a big mover and shaker in the sector during this time?
Whew!
Luckily there is waay more important shit to occupy the minds of the nation….
Hopefully, Little and Shaw are done talking about the flag, Green and Labour supporters are over Red Peak and their little tiff, so perhaps now we can work together and focus on the issues that really matter.
Perhaps Shaw will see its actually quite easy to work with Key and will do so on matters that make sense.
Has a lot more chance to make a difference with the government that the perpetual opposition.
Considering the backlash, I think Shaw will think twice before working with National again.
Moreover, on more pressing matters, there would be little (if anything) where the two (National/Greens) would agree what the sensible approach is.
Wales has beaten England 28-25. Wow! Leeks among the Roses.
Brilliant, go for the seven and lose.
the nation shows our favorite wee dirty political rat in action – the ‘sick right’ in all its glory – spin like dirty shit water going down the toilet matty – you have never fooled me.
Totalitarianism Watch:
The assault on free speech in American universities continues.
by GLENN GREENWALD, The Intercept, 25 September 2015
There is no shortage of American pundits who love to denounce “PC” speech codes that restrict and punish the expression of certain ideas on college campuses. What these self-styled campus-free-speech crusaders typically — and quite tellingly — fail to mention is that the most potent such campaigns are often devoted to outlawing or otherwise punishing criticisms of Israel. The firing by the University of Illinois of Professor Steven Salatia for his “uncivil” denunciations of the Israeli war on Gaza — a termination that was privately condoned by Illinois Democratic Senator Dick Durbin — is merely illustrative of this long–growing trend.
One of the most dangerous threats to campus free speech has been emerging at the highest levels of the University of California system, the sprawling collection of 10 campuses that includes UCLA and UC Berkeley. The university’s governing Board of Regents, with the support of University President Janet Napolitano and egged on by the state’s legislature, has been attempting to adopt new speech codes that — in the name of combating “anti-Semitism” — would formally ban various forms of Israel criticism and anti-Israel activism.
Under the most stringent such regulations, students found to be in violation of these codes would face suspension or expulsion. In July, it appeared that the Regents were poised to enact the most extreme version, but decided instead to push the decision off until September, when they instead would adopt non-binding guidelines to define “hate speech” and “intolerance.”
One of the Regents most vocally advocating for the most stringent version of the speech code is Richard Blum, the multi-millionaire defense contractor who is married to Sen. Dianne Feinstein of California. At a Regents meeting last week, reported the Los Angeles Times, Blum expressly threatened that Feinstein would publicly denounce the university if it failed to adopt far more stringent standards than the ones it appeared to be considering, and specifically demanded they be binding and contain punishments for students found to be in violation.
Read more…
https://theintercept.com/2015/09/25/dianne-feinstein-husband-threaten-univ-calif-demanding-ban-excessive-israel-criticism/
Nasa to announce major science finding from Mars on Tuesday.
https://www.nasa.gov/press-release/nasa-to-announce-mars-mystery-solved
… no coincidence that it’s two days before the release date of the Ridley Scott-directed The Martian.
That’s the highly rated film starring Matt Damon, in which he has to “Science the shit out of everything” in order to stay alive on Mars.
http://www.rottentomatoes.com/m/the_martian/
The previews look pretty good.
Read the book last year. Incredible reading with maps inside the cover.
https://en.wikipedia.org/wiki/The_Martian_(Weir_novel)
Sounds like a remake (I have seen a movie with a similar theme but can’t recall its name).
I enjoyed this read:
http://www.stuff.co.nz/manawatu-standard/72248814/Palmerston-North-author-demystifies-spirituality
And the US takes one more step towards the scenario outlined in The handmaid’s Tale:
Shocking
Key and his ignorance really has to go ,everyday theres some cock up or another coming from this govt
Hes like a permanent state of stupidity like Muldoon over the springbok tour in the 80s
Can anyone seriously see him as leading this country as I for one wouldnt buy into any of what he makes us endure
Chaos for the young
Insecurity for the old
Fascist allegiance in the workplace and govt
No moral compass or understanding of the damage war does which makes him the epitome of the saying
Was going to quote something but what suits Key is “Hes a Bloody Fascist”
Kentucky politician claims he has a Constitutional right to receive gifts from lobbyists
If only Rodney “Perk-taker” Hide and John “Separate Cheques” Banks had thought of this brilliant scheme….
https://theintercept.com/2015/09/24/state-senator-files-lawsuit-says-ban-lobbyist-gifts-violates-freedom-speech/
Well the only conclusion now is that the crown know they have no case against dotcom. So far two days of public grandstanding. So far not one shred of actual evidence of any actual crime. They up to page 50 of 250. So i guess they reckon that after ten more days of breathless exposure of sinppits drawn sans context from years of communications, we will all be convinced and the judge will be swayed by public opinion. Well i suppose its a plan when they have nothing else! good old tvnz helping with their multiple references to the “co-conspiretors” and assigning reporter who is totally ignorant of the technical details. But maby the lawyers at Sony who advised them not to participate in the action knew what they were about. We may have to forgo the pandas for a few years untill the public purse recovers.
EARTH to Co-leader Metiria Turei – ARE YOU RECEIVING? – OVER…..
I repeat ….
EARTH to Co-leader Metiria Turei – ARE YOU RECEIVING? – OVER…..
State your position please ….. over
Control to Green Squad – no response – should we send out a rescue?
Green squad to Control – yea/nah, hold off – coLeader Jimmy’s running the options
STANDBY
Yes, becoming a worry….
Read somewhere she’ s overseas at a convention or on some fact finding mission. Whatever, she’s not in the country.
Make the world a better place.
Forcibly sterilise a Tory.
Was just looking at that.
The State may try to stop some families having more children
Tolley acknowledged it would be a “huge step” for the state to start telling people that they could not have another child, but said it was “a conversation that New Zealanders, perhaps, need to have”.
Tolley did not rule out limiting or preventing some families from having another child, but said she would wait to see what the panel recommended in December.
http://www.stuff.co.nz/national/politics/72451962/state-may-try-to-stop-some-families-having-more-children
Thoughts?
It looks suspiciously like another distraction: Tory scum kill children with their blithering incompetence and vile prejudice, then pretend that the victims are asking for it.
Tories are walking adverts for post-natal abortion.
Scorn was poured upon former ACT MP David Garrett’s suggestion that bad parents be offered a fiscal incentive to get sterilised.
Wonder if Tolley will face the same disdain?
It’s a smokescreen: the trash need something to distract from their
policiesmanslaughter, so they let Anne Tolley run her mouth, everyone gets excited, the manslaughter gets pushed down today’s list of headlines.Alternatively, it’s another attempt to test the waters (to see if the public attitude has changed) and air the sterilization issue again.
The Sabinist wing of the National Party will support anything that promises to legitimise their sick fantasies. They’re useful as a distraction, and nothing else: National’s owner/donors won’t fund the civil war they crave.
I’m going to stick my neck out and say that as long as it is done through educating and making it free to all then offering contraception to people at the troubled end of society is a good thing .
yeah beginning with Garret..but charge him-
No on second thoughts, I’ll pay.
Part and parcel of the right wing self-serving lie that poverty is inevitable. That’s what it is. Wait, there’s more: it moves beyond victim-blaming into violence.
Anyone who collaborates in this vile fascism needs to be extradited to The Hague for human rights violations.
It’s time to get tough on Tory scum.
We already do that (education and provide free contraceptives).
Tolley is suggesting we go further, a discussion on forced sterilization.
How horrible.
The Nazis did this.
https://en.wikipedia.org/wiki/Nazi_eugenics
Eugenics was also popular in NZ’s past history and still has a following today.
I did notice there was nothing said about getting men the chop .
Its cheaper easy and some of the drop kicks I’ve known that think its neat having kids all over the place would probably jump at it for a easy $10 k.
Just for the record I am totally opposed to forced sterilization.
Yes, you’d never actually do the manslaughter yourself. You just go in for a bit of supportive victim-blaming.
What man slaughter are you on about ??
The two fallas i was thinking about are not victims and there not even that bad a people but they a boys in men’s bodies ,who don’t think that if the have a child they should care for them.
See if you can figure it out: why on Earth would anyone describe the National Party’s social and economic policies as manslaughter? Why oh why? Perhaps it’s all the deaths they cause.
Just another piece of fascist control by the Fuhrer state
If you cant afford kids you state should have the right to control you why should the rich support the poor blah blah and all the rest of it
Yeah right 2 crispies with your cuppa Ann? give me strength
https://theintercept.com/2015/09/23/u-s-state-department-welcomes-news-close-ally-saudi-arabia-chosen-head-u-n-human-rights-council-panel/
“Last week’s announcement that Saudi Arabia — easily one of the world’s most brutally repressive regimes — was chosen to head a U.N. Human Rights Council panel provoked indignation around the world. That reaction was triggered for obvious reasons. Not only has Saudi Arabia executed more than 100 people already this year, mostly by beheading (a rate of 1 execution every two days), and not only is it serially flogging dissidents, but it is reaching new levels of tyrannical depravity as it is about to behead and then crucify the 21-year-old son of a prominent regime critic, Ali Mohammed al-Nimr, who was convicted at the age of 17 of engaging in demonstrations against the government.”
we have become bizarro world.
+100
Everything You Think You Know About the History and Future of Jobs Is Likely Wrong
Otherwise known as the Rise of Bullshit Jobs.
Oh, and this bit:
So, getting people off of unemployment does help them but only if it’s a good job otherwise it’s doing them harm. Something else this government should be charged with.
when we are all baristas will anyone buy a coffee?
Nope, won’t be able to afford to.
Besides, baristas will be replaced by automated coffee dispensing stations.
that is post barista saturation society
When you have the US and European governments now say, they want to talk with and keep this man in power for a transition time, I can confidently say, the “west” has totally lost the plot and is prepared to make deals with the worst of other parties there are:
This will give both Nusra Front and ISIS the perfect reason to recruit even more disillusioned to join the war, and also to have bombs blow up in places in “the west”. How stupid is “the west”, how damned ignorant are Obama, Merkel and others, they are digging their own graves, I fear.
“The west” is the Roman Empire of modern days, and its empire is numbered by days. l also have NO time for Putin and his agenda, who some here seem to support, it is pure madness, what is going on. Denial is the rule of the day, prepare for the worst.
Another interview with western media, where a ruthless dictator defends himself and his military and police, I cannot believe, that European governments, the US and so want to talk with those supporting him:
More lies, lies and endless lies:
https://www.youtube.com/watch?v=I2J33PIAQ1k
I fear this will be the answer:
https://www.youtube.com/watch?v=TQI3EGN04r4
Shocking the ignorance of those in power and control, I give up hope for the future of humanity.