On 18/10/25 07:44, Tony wrote:

Your Name <YourName@YourISP.com> wrote:

On 2025-10-17 04:22:29 +0000, Crash said:

https://www.rnz.co.nz/news/political/576195/winston-peters-threatens-fonterra-over-sale-of-anchor-and-mainland-brands?cid=newsletter


What Fonterra plans to sell is their business. Winston Peters may
have a view on this but it is completely unacceptable to try to
threaten Fonterra with regulation because of his views. It is not the
Government's role to dictate what a private owner does with their
assets.

Thankfully both Seymour and Luxon do not support Peters' regulation
proposal, so it will not happen. I particularly enjoyed Seymour's
suggestion on 4am starts and he is correct - only Fonterra's
farmer-shareholders get a say on this. The ramifications of the sale
will no doubt be taken into account as any business does when they
sell such a big part of company assets.

The *only* thing ever "taken into account" in big business is how much
more excessive money will go into the pockets of the management team
and the shareholders.

If the company is private (not listed) what they do is none of our business. If
it is listed the shareholders usually (nearly always, sometimes slowly) hold the management team to account. There are also many regulations and laws that hold management and governance to account in an effort to ensure that employees
are treated well and also to ensure that no theft occurs. None of this is perfect but much better in NZ than many other places, the USA is infamous for allowing poor treatment of employees in many states.

Part of Fronterra is listed on the NZX, ticker FSF.
There are two classes of shares; farmer/supplier owned, and outside
investor shares. So the actions of the board do have wider implications.

But, but. you're all missing the big picture. NZ is de-industrialising,
and becomes reliant on selling commodities on volatile markets,
and missing the valued add where the money is made.
Paper mill closes; we sell raw logs, import paper to wipe ass.
Sawmill closes; we sell logs overseas and import lumber
to build homes.
Sell milk powder, import cheese, yogurt, whitening for coffee.

No jobs; those who can leave for Aussie ...etc.
How many members of your family, and friends, now live overseas?







--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

On 2025-10-19, greybeard <nobody@nowhere.invalid> wrote:

On 18/10/25 07:44, Tony wrote:

Your Name <YourName@YourISP.com> wrote:

On 2025-10-17 04:22:29 +0000, Crash said:

https://www.rnz.co.nz/news/political/576195/winston-peters-threatens-fonterra-over-sale-of-anchor-and-mainland-brands?cid=newsletter


What Fonterra plans to sell is their business. Winston Peters may
have a view on this but it is completely unacceptable to try to
threaten Fonterra with regulation because of his views. It is not the >>>> Government's role to dictate what a private owner does with their
assets.

Thankfully both Seymour and Luxon do not support Peters' regulation
proposal, so it will not happen. I particularly enjoyed Seymour's
suggestion on 4am starts and he is correct - only Fonterra's
farmer-shareholders get a say on this. The ramifications of the sale
will no doubt be taken into account as any business does when they
sell such a big part of company assets.

The *only* thing ever "taken into account" in big business is how much
more excessive money will go into the pockets of the management team
and the shareholders.

If the company is private (not listed) what they do is none of our business. If
it is listed the shareholders usually (nearly always, sometimes slowly) hold >> the management team to account. There are also many regulations and laws that
hold management and governance to account in an effort to ensure that employees
are treated well and also to ensure that no theft occurs. None of this is
perfect but much better in NZ than many other places, the USA is infamous for
allowing poor treatment of employees in many states.

Part of Fronterra is listed on the NZX, ticker FSF.
There are two classes of shares; farmer/supplier owned, and outside
investor shares. So the actions of the board do have wider implications.

But, but. you're all missing the big picture. NZ is de-industrialising,
and becomes reliant on selling commodities on volatile markets,
and missing the valued add where the money is made.
Paper mill closes; we sell raw logs, import paper to wipe ass.
Sawmill closes; we sell logs overseas and import lumber
to build homes.
Sell milk powder, import cheese, yogurt, whitening for coffee.

And bringing home the bacon involes an import.

No jobs; those who can leave for Aussie ...etc.
How many members of your family, and friends, now live overseas?

In a global world people will always sfift to a better countries. Just as
the migrants flowing into the USA and UK.

--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

On Mon, 20 Oct 2025 11:20:01 +1300, greybeard <nobody@nowhere.invalid>
wrote:

On 18/10/25 07:44, Tony wrote:

Your Name <YourName@YourISP.com> wrote:

On 2025-10-17 04:22:29 +0000, Crash said:

https://www.rnz.co.nz/news/political/576195/winston-peters-threatens-fonterra-over-sale-of-anchor-and-mainland-brands?cid=newsletter


What Fonterra plans to sell is their business. Winston Peters may
have a view on this but it is completely unacceptable to try to
threaten Fonterra with regulation because of his views. It is not the >>>> Government's role to dictate what a private owner does with their
assets.

Thankfully both Seymour and Luxon do not support Peters' regulation
proposal, so it will not happen. I particularly enjoyed Seymour's
suggestion on 4am starts and he is correct - only Fonterra's
farmer-shareholders get a say on this. The ramifications of the sale
will no doubt be taken into account as any business does when they
sell such a big part of company assets.

The *only* thing ever "taken into account" in big business is how much
more excessive money will go into the pockets of the management team
and the shareholders.

If the company is private (not listed) what they do is none of our business. If
it is listed the shareholders usually (nearly always, sometimes slowly) hold >> the management team to account. There are also many regulations and laws that
hold management and governance to account in an effort to ensure that employees
are treated well and also to ensure that no theft occurs. None of this is
perfect but much better in NZ than many other places, the USA is infamous for
allowing poor treatment of employees in many states.

Part of Fronterra is listed on the NZX, ticker FSF.
There are two classes of shares; farmer/supplier owned, and outside
investor shares. So the actions of the board do have wider implications.

But, but. you're all missing the big picture. NZ is de-industrialising,
and becomes reliant on selling commodities on volatile markets,
and missing the valued add where the money is made.

All made possible only by prohibiting imported products without an
import licence. In most cases, imported substitute products where
carefully protected monopolies. Remember how many clothing suppliers
there were (hint there was just one for most clothing lines) or how
many white ware manufacturers there were (F&P)?

Paper mill closes;

The production of paper/cardboard in NZ was never viable without
prohibition of paper imports. The Kinleith mills were only ever built
because whatever they produced were the only products available in NZ
at the time. They survived import licencing removal because for some
product lines they were internationally competitive for a while.

we sell raw logs, import paper to wipe ass.

Because we cannot compete with offshore manufacture of wooden goods
and cannot produce toilet paper without imports being prohibited.

Sawmill closes; we sell logs overseas and import lumber
to build homes.

Some sawmills have closed, many have not. Not sure about timber
imports, but we are now allowing the use of building materials
approved by Australia.

Sell milk powder, import cheese, yogurt, whitening for coffee.

We also export cheese. Yogurt favours local production because it
goes off. Kiwis mostly use milk with coffee, unlike the USA.

No jobs; those who can leave for Aussie ...etc.
How many members of your family, and friends, now live overseas?

No different to 60 years ago when I was young. Australia then, as
now, had an economy underpinned by exported or manufactured mineral
wealth which NZ never had.

The establishment of NZ as a British Colony required first that we
establish an export trade. It took refrigeration of food exports in
the 1870s to really build export volumes. Prohibition on importation
of everything was an economic necessity and continued long after it
was needed, with most import licencing requirements discontinued by
the Governments of David Lange/Roger Douglas.


--
Crash McBash

--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)