Campbeltowncowboy
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Have corporate parasites taken over First Milk
I received a letter on saturday telling me tha the board of first milk have decided to increase the remuneration of non-executive directors from £22k to £35k for 2DAYS a WEEK.I may be mistaken but ithought this was a farmer owned and run organisation but it looks like the Suits have taken over. The chairman trys to defend the increase with piffiling spin about paying a fair market rate for directors taking time away from there own businesses,we have olny just began to see producers get a fair market rate and the Pigs have ther snouts in the trough!!!. The AGM used to be where any incerase was proposed and either passed or rejected !! so much for democracy!!  
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23/9/2007, 8:03
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Campbeltowncowboy
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Re: Have corporate parasites taken over First Milk
What makes it even worse is that the increase is to be backdated to April.If it was april next year and we were all getting 30ppl an increase would be acceptable but 60% backdated must ring alarm bells!!!
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28/9/2007, 7:51
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errolston
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Have corporate parasites taken over First Milk
On Potter's website it says Robert Shearlaw is one of the directors pushing for the pay rise. From what I have seen of Robert when he speaks publicly he is not worthy of any more money, but he maybe he makes a worthwhile contribution to other parts of the business...
Last edited by errolston, 2/10/2007, 13:22
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2/10/2007, 13:21
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Gavin56
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Re: Have corporate parasites taken over First Milk
In fairness ,First Milk is now a much much larger business than it was.
I wouldn`t be prepared to be a director and take all the flak , even for 35k.
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2/10/2007, 22:25
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FIBRO
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Have corporate parasites taken over First Milk
Heard that First milk and milk link are planning to try and merge and buy wisemans. What are peolple's thoughts on this? Is this worth the money?
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4/10/2007, 12:07
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Campbeltowncowboy
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Re: Have corporate parasites taken over First Milk
Yes got an email this morning First Milk and Milk Link in merger talks,havent heard about Wisemans dont know if that would be a great idea,dont know if it could be run the same without a Wiseman at the helm.
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4/10/2007, 12:20
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Big Bird
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Re: Have corporate parasites taken over First Milk
Got the info about First Milk and Milklink looking to merge.
Would imagine any talk of buying Wisemans is very premature until a merger is completed. Might make more sense if the rumour was of buying Westbury, which is currently run 60% by the 2 co-ops together.
Strikes me that the 2 merging would be good for the members.
I would imagine it would leave DFOB in a fairly dodgy position.
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4/10/2007, 13:22
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Gavin56
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Re: Have corporate parasites taken over First Milk
My first reaction was , well at least it isn`t a merger with DFOB.
Second thought was that the Kirkcudbright UHT plant was built by the old Scottish Board and things have moved in a long , big circle since then.
Third thought was that Wiseman takeover that has got too pricey for First Milk might be back on the medium term agenda of a bulked up ( steroids?) co-op.
The fit is good because First Milk now have low exposure to butter / powder etc.The geography is also good making the co-op a truly national force.
Glad I didn`t order a new sign just yet !
Don`t think First Link has quite the right ring though.
So what do we think they will call themselves?
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4/10/2007, 22:47
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Gavin56
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Re: Have corporate parasites taken over First Milk
They could always go for MILK FIRST.
Reminds me of the Spitting Image sketch about the merger of the Liberals and the SDP.
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4/10/2007, 22:51
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Campbeltowncowboy
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Re: Have corporate parasites taken over First Milk
Regardless of the name of the new merged co-op if it goes ahead the big question will be how many Directors will there be from north and the south and what will THEIR renumeration be never mind their expense accounts and milage.
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11/11/2007, 11:28
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