It’s time for Fonterra to stop paying its executives such outrageous sums
Opinion
Fonterra has over 80 employees paid more than $500,000 a year. But are so many exorbitant salaries warranted for New Zealand’s farming cooperative? Jenny Ruth of BusinessDesk doesn’t think so.
In Australia, Macquarie Group is known as the millionaires’ factory because of all the lucrative deals it does that turn so many of its executives into millionaires.
New Zealand has its own version but, far from possessing the huge trail of successful deals Macquarie has pulled off, ours is a sorry tale of bloated pay packets, unwise investments and appalling financial results.
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Mansion Global
The five-bedroom home on Lake Shore Drive has an elevator to its private foyer By Catherine McHugh |
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Price: $2.2 million
Located in a luxury high-rise on Chicago’s Lake Shore Drive, this spacious home features two large terraces and more than 75 feet of windows for unobstructed views of the city skyline and Lake Michigan.
In 2016, the owners of this single-level, 3,700-square-foot apartment created the spread by combining their current home with an adjoining unit. “From the moment you walk in, you feel the calming effect of the views of the water,” said listing agent An-An Ku of Gold Coast Condos. “Plus, the elevator opens up to a private foyer, which is very rare for these high-rise buildings.”