During Spierings’ reign at the dairy giant the Dutch maestro has overseen a number of calamities including the false botulism scare, the ongoing under-performing business in Australia and now the Beingmate disaster in China, to name a few . However, it seems that despite all these ‘challenges’ the only thing ‘Little’ Johnny Wilson and the Fonterra board have raised with Teflon Theo is his salary. Spierings earned a total of $8.32 million in 2017, a 57% jump from 2016. According to Fonterra’s annual report, this total was included performance payments (that’s right ‘performance payments’) for 2016 and 2017 of $1.83m and $3.85m!
