Green Light for Fonterra's $3.2b Capital Return Scheme
Fonterra farmer shareholders have approved the mechanism for a $2/share capital return expected from the sale of its global consumer and associated businesses.
He suggests the council's directive to farmers not to vote for the Gent/Armer resolution at the recent annual meeting has removed any doubt about its poodle status. Your canine crusader notes that the council has been accused of being a lapdog since Fonterra's formation and it's pretty hard to argue against the claim when something like three of its former chairmen have gone on to become Fonterra directors – including the current chairman 'Little' Johnny Wilson.
