Dark ages
OPINION: Before we all let The Green Party have at it with their 'bold' emissions reduction plan, the Hound thought it wise to run the numbers through the old Casio.
He tells yours truly that he was flabbergasted by the gall of the FMG board who, tucked away in the papers, are asking for a huge pay increase for directors.
It is asking for a 17% increase in the chair's annual stipend, up from $100k a year to $117,000 and an extra 26% for each director, jumping from $50,000 to $63,000 a year!
It reminds your old mate of the failed attempt by Beef+Lamb NZ earlier this year to increase director fees, which went down like a cup of cold sick with levypayers.
What is it with these people and always having their hands out for more director fees?
Read the room for pity's sake!
