Risky business
OPINION: In the same way that even a stopped clock is right twice a day, economists sometimes get it right.
You'd think B+LNZ might have learnt its lesson about getting offside with levypayers around its support for the disastrous He Waka Eke Noa process, which eventually led to the demise of previous chair Andrew Morrison.
However, it seems B+LNZ directors don't care how the optics of a fee increase look to struggling red meat farmers.
According to papers sent out for B+LNZ's annual meeting next month, the board is recommending the total director fees pool lift by $73,500 from $401,500 to $475,000 per annum.
This would see chair Kate Acland's payment rise from $76,220 to $90,000, while each director will see their annual stipend jump from $38,110 to $45,000.
