One criticism of the last Labour government was its propensity for meddling in other people’s business.
Ruminations from party primary industries spokesman Damien O’Connor show it still wants to do that:
The Labour Party has launched into the controversy surrounding Fonterra’s latest restructuring by saying chief executive Theo Spierings should take a voluntary pay cut “to restore credibility with farmers and staff”.
Spierings’ salary has been estimated to be worth about $4 million a year.
“The events of the last week have shaken the farming sector’s confidence in Fonterra, and the chief executive must take responsibility,” Labour’s Primary Industries spokesperson Damien O’Connor said in a statement.
“Theo Spierings should lead by example and voluntarily reduce his pay by half,” he said. . .
Fonterra’s fortunes do impact on the wider economy but it’s not a public company nor is it an SOE.
It’s a co-operative and the chief executive’s salary isn’t any politician’s business.
It’s the business of the board and shareholders and Labour should keep its nose out of it.