UPDATED: Chairman John Wilson defends "velocity payments" to senior executives.
Tim Hunter & Jonathan Underhill Mon, 25 Sep 2017
Fonterra chief executive Theo Spierings' pay packet has leapt to $8.32 million for the year to July 31, almost doubling from last year and making him probably the highest-paid executive in New Zealand.
Mr Spierings' remuneration comprised base salary of $2.46 million, short-term incentive pay of