This morning's email focused on how Fonterra's efforts to break into China have led to it facing the possibility of writing off a $1 billion investment.
Rod Oram has followed a trail of bad management decisions and poor governance to discover why Fonterra is staring down the barrel of a massive writedown on its investment in Beingmate. He raises questions about the role of Fonterra's auditor, PwC, and a stifled culture of debate on its board.
Rod Oram argues in his weekly column that there's never been a better time to build a high productivity and high wage economy, but there's also a risk the current good times will allow complacency to lock in New Zealand's bad habits.
1. Jacinda on her first 100 days
For four days over the last weekend, I travelled with friends down from Auckland through the Waikato and King Country to Taranaki, seeking insights from history and hope for the future. Our journey was an early celebration of Waitangi Day, anguish, reconciliation and all.
Beingmate, Fonterra's troubled investment in China, is blaming the co-op for its losses, according to a formal letter Beingmate has reportedly sent to Chinese financial regulators in response to their enquiries.
1. Winston wins again
Rod Oram warns in this week's column that Fonterra shareholders should brace for more bad news about the cooperative's disastrous investment in Beingmate Baby and Child Food.
Rod Oram has been traveling through the south and west of America over the last month and reflects on an historic and ugly moment of American reinvention, driven by Donald Trump.
Rod Oram took a close look at the Treasury's fresh forecasts to find some reassuring scenarios. But he points overseas to the risks around Donald Trump and a frothy stockmarket as factors that could turn the Goldilocks view on its head.