News | Business
17 Sep 2019 2:44
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Fonterra's former chief executive pocketed 43 million dollars during his time in the job

    Fonterra's former chief executive pocketed 43 million dollars during his time in the job


    Fonterra
    Fonterra
    And the company's disclosed Theo Spierings received an incentive payment of 4.67 million dollars when he left the job last August.

    That came despite Fonterra's huge financial losses.

    In a statement, Fonterra says the final payment was made under a long-term leadership incentive plan for the 2016 and 2017 financial years.

    That plan has since been discontinued.

    © 2019 Newstalk ZB, NZCity


     Other Business News
     16 Sep: Sydney surgeon sues Google over negative reviews, but tech giant claims it is 'subordinate distributor'
     16 Sep: Cotton On distribution workers are striking in their bid for the living wage
     16 Sep: Lowering tariffs for UK exporters will be on the wish list in their post-Brexit trade talks
     16 Sep: Building organisations are developing a scheme to prevent companies and contractors offering low ball tenders for construction contracts
     16 Sep: Research has highlighted the need for more support to be wrapped around medium-sized businesses
     15 Sep: Restaurant franchise Wagamama owes nearly five-million-dollars to creditors, including former staff left out of pocket
     14 Sep: A Bay of Islands oyster farmer has lost thousands of dollars in stock to thieves, who he says could cripple his business
     Top Stories

    RUGBY RUGBY
    Springboks assistant coach Mzwandile Stick has made a point of asking the referees for fairness ahead of the Rugby World Cup opener against the All Blacks More...


    BUSINESS BUSINESS
    Sydney surgeon sues Google over negative reviews, but tech giant claims it is 'subordinate distributor' More...



     Today's News

    Business:
    Sydney surgeon sues Google over negative reviews, but tech giant claims it is 'subordinate distributor' 22:47

    Health & Safety:
    52,000 measles vaccines have arrived in Auckland as the country grapples an outbreak 21:57

    Entertainment:
    David Beckham "always wants to win" when he plays games with his kids 21:46

    Law and Order:
    There are a number of 'vehicles of interest' in the suspected hit and run death of a woman in Whanganui last month 21:17

    Entertainment:
    Hailey Bieber felt "inferior" to her model friends 21:16

    Entertainment:
    Ryan Reynolds praised Hugh Jackman after he was honoured with Australia's Companion of the Order 20:46

    Entertainment:
    Jesse McCartney is engaged to his longtime girlfriend 20:16

    Entertainment:
    Pete Davidson is being "more low key" with his relationships now 19:46

    Environment:
    Residents from all but one property in Dunedin have returned to their homes after being evacuated due to a scrub fire 19:27

    Entertainment:
    Kanye West wants to move to Wyoming - but Kim's law studies mean they can't move away 19:16


     News Search






    Power Search


    © 2019 New Zealand City Ltd