FSF - Fonterra

[Tomtom]

This shouldn't be a surprise to anyone paying attention. Fonterra has suffered from performance and governance issues for years which had left the co-op retaining little of its earnings. It was basically just acting as a vehicle for farmers interests and supporting pricing.

It's international competitors have far outperformed Fonterra.

[BeeBop]

This shouldn't be a surprise to anyone paying attention. Fonterra has suffered from performance and governance issues for years which had left the co-op retaining little of its earnings. It was basically just acting as a vehicle for farmers interests and supporting pricing.

It's international competitors have far outperformed Fonterra.

A master at “following”, committee decisions finding the mid-point that meets all rather than actually doing the right thing, blinkers over their eyes ignoring their examples before them (cheapest solution), short-term goals driven by bonuses at all costs.