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Fonterra secretive on size of CEO's pay sacrifice

CEO seeks base pay freeze on day 750 job cuts confirmed.
 
Tim Hunter talks about Fonterra's CEO pay on NBR Radio and on demand on MyNBR Radio.

Tim Hunter
Thu, 01 Oct 2015

Dairy giant Fonterra [NZX: FCG] is declining to reveal how much its chief executive Theo Spierings is giving up by freezing his base salary.

Mr Spierings pay sparked angry comments after the co-op disclosed he received $4.9 million in the year to July, 17% more than the previous year.

The

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Tim Hunter
Thu, 01 Oct 2015
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Fonterra secretive on size of CEO's pay sacrifice
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