What a disgrace. The head of Coles after his company has an increase of 21% in profits during the much hyped GFC, he actually gets paid over $15million. Now I don't begrudge anyone earning a quid, but this bloke is responsible for his company offering FNQ farmers $0.45/litre for their milk. That price is not sustainable.
His company is currently selling the milk they get from their southern suppliers in the no name brands for $1/Litre. This is designed to cripple the industry and reduce the demand for the branded milk which uses FNQ produced milk. If there is no demand for it, which is what happens if everyone keeps buying no-name milk, they will be forced into taking the unsustainable $0.45/litre or walk off their farms.
So going back to the original point his company had an INCREASE of 21% in PROFITS, during the GFC and on top of the fact that they pay this bloke $15million.
Dick Smith is calling for this bloke to give back to the community. Stuff that, just pay the farmers a decent price Coles/Woolies.
http://www.news.com.au/business/dick-smith-calls-on-mcleod-to-give-back/story-e6frfm1i-1226147998673?sv=6e6d8bcb92cadbaeeb68e2017daedc1e#.ToGmm09n5S8.twitter
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