I see Glanbia has listened to shareholder concerns around pay to its senior executives and is to provide more information on how it pays its top people in the future.
At the AGM in April, one in five shareholders voted against the board pay report of its top executives. Some large shareholders had reservations about a 22% hike in group managing director Siobhan Talbot’s basic salary to €1.05m.
Glanbia then had to engage with shareholders due to UK governance rules. Following meetings with groups of shareholders, the board, chaired by Martin Keane, now acknowledges that more detail could have been provided on the approach to increases in salary and how bonuses are awarded.
Since March, shares in Glanbia are down 40% to €11. A profit warning in July came as profits fell 30% in its performance nutrition business in the first six months.
Gloves still on in IFA race
The 300-strong crowd in Limerick were quick with tough questions for the three candidates at the first IFA presidential hustings. Candidates are clearly nailing their colours to certain masts.
IFA treasurer Tim Cullinan is promising “radical” reform within the IFA, complete with a plan for a new suckler chair and management committee, Munster chair John Coughlan has his eye on long-term CAP policy and unifying farmers, while livestock chair Angus Woods has buckets of youthful energy to win over farmers.
“I’ve no former IFA presidents behind me,” Woods told the crowd. The Dealer could swear he saw at least one lurking in the crowd.
The Dealer was also keeping an eye on the deputy race between Thomas Cooney and Brian Rushe. Although it might be considered the bridesmaid of the event, something tells The Dealer that the fight for the bouquet could be just as bitter.
€105,000/t for spuds in Donegal
The Dealer witnessed some big prices being paid at last weekend’s Donegal IFA charity auction.
Nigel Renaghan, IFA regional chairman for Ulster and north Leinster, paid €410 for a tractor wing mirror. As it turned out, this was a carefully orchestrated ploy by the organisers as retribution for a wing mirror Nigel smashed during a previous tractor run.
That wasn’t the only eye-catching price. A 10kg bag of potatoes sold for €1,050.
The bag of Doherty’s Kerr’s Pinks was snapped up by television personality Noel Cunningham. By my calculations, that works out at €105,000\t.
The auction was part of a major fundraising drive by Donegal IFA that raised a hefty €94,246 for the charity Cancer Care West.
A 10kg bag of spuds fetched €1,050 in Donegal.
Cows to fuel your new Toyota
Toyota is developing a car which could be fuelled for a year from the manure of a single cow. The Japanese car maker has plans to build a power plant in California, in which the manure will be converted into hydrogen.
The hydrogen powered car, which is refuelled like a diesel or petrol car, converts hydrogen into electricity to power the car. The only byproduct is water, making it zero emission.
Maybe cows will become the new oil wells and their milk will become the byproduct in the future?
Farmers have the most sex
A survey has found that farmers have more sex than any other profession, coming out on top (excuse the pun), ahead of doctors and architects. One-third of farmers surveyed by Lelo UK online said they had a roll in the hay at least once a day. Seven in 10 farmers also claimed that they were “incredible” in bed. I’m putting it down to the fresh country air.
The battle of the bee in EU
I see that the humble honeybee has sparked a disagreement among the EU’s lawmakers. The European Commission proposed that a number of bee protection measures which are currently guidelines be made into law.
They set out how pesticides should be tested to ensure bees are protected from both short-term (acute) and long-term (chronic) exposure.
A number of EU member states opposed the proposal and the Commission watered it down to include just acute exposure. MEPs in the parliament thought this was unacceptable and want the Commission to go back to the drawing board.
Has anyone tried asking the bees what they think?
Cost-cutting and energy saving measures are to be implemented by the Department of Agriculture – and all other departments. Ag House has invested in reusable cups and water bottles to cut out 80,000 single-use plastic bottles. Fair play. But The Dealer was sad to see the cupán tae in the Department is about to change forever. By the end of 2019, the Department wants to end the use of kettles, providing hot water taps to use in their place. The end of an era.
Ireland south MEP Billy Kelleher weighed in on votegate this week, by comparing the Dáil chamber to a cattle mart. “When a vote is taking place in the chamber, and I’ve been there a long time, it’s like a cattle mart with the prize bull coming in – people shouting across, asking people to vote because they may not be in their chair themselves. It is quite a chaotic scene,” he told EuroParl radio. By the sounds of it, he’s not missing out on the action on home soil.
I see Glanbia has listened to shareholder concerns around pay to its senior executives and is to provide more information on how it pays its top people in the future.
At the AGM in April, one in five shareholders voted against the board pay report of its top executives. Some large shareholders had reservations about a 22% hike in group managing director Siobhan Talbot’s basic salary to €1.05m.
Glanbia then had to engage with shareholders due to UK governance rules. Following meetings with groups of shareholders, the board, chaired by Martin Keane, now acknowledges that more detail could have been provided on the approach to increases in salary and how bonuses are awarded.
Since March, shares in Glanbia are down 40% to €11. A profit warning in July came as profits fell 30% in its performance nutrition business in the first six months.
Gloves still on in IFA race
The 300-strong crowd in Limerick were quick with tough questions for the three candidates at the first IFA presidential hustings. Candidates are clearly nailing their colours to certain masts.
IFA treasurer Tim Cullinan is promising “radical” reform within the IFA, complete with a plan for a new suckler chair and management committee, Munster chair John Coughlan has his eye on long-term CAP policy and unifying farmers, while livestock chair Angus Woods has buckets of youthful energy to win over farmers.
“I’ve no former IFA presidents behind me,” Woods told the crowd. The Dealer could swear he saw at least one lurking in the crowd.
The Dealer was also keeping an eye on the deputy race between Thomas Cooney and Brian Rushe. Although it might be considered the bridesmaid of the event, something tells The Dealer that the fight for the bouquet could be just as bitter.
€105,000/t for spuds in Donegal
The Dealer witnessed some big prices being paid at last weekend’s Donegal IFA charity auction.
Nigel Renaghan, IFA regional chairman for Ulster and north Leinster, paid €410 for a tractor wing mirror. As it turned out, this was a carefully orchestrated ploy by the organisers as retribution for a wing mirror Nigel smashed during a previous tractor run.
That wasn’t the only eye-catching price. A 10kg bag of potatoes sold for €1,050.
The bag of Doherty’s Kerr’s Pinks was snapped up by television personality Noel Cunningham. By my calculations, that works out at €105,000\t.
The auction was part of a major fundraising drive by Donegal IFA that raised a hefty €94,246 for the charity Cancer Care West.
A 10kg bag of spuds fetched €1,050 in Donegal.
Cows to fuel your new Toyota
Toyota is developing a car which could be fuelled for a year from the manure of a single cow. The Japanese car maker has plans to build a power plant in California, in which the manure will be converted into hydrogen.
The hydrogen powered car, which is refuelled like a diesel or petrol car, converts hydrogen into electricity to power the car. The only byproduct is water, making it zero emission.
Maybe cows will become the new oil wells and their milk will become the byproduct in the future?
Farmers have the most sex
A survey has found that farmers have more sex than any other profession, coming out on top (excuse the pun), ahead of doctors and architects. One-third of farmers surveyed by Lelo UK online said they had a roll in the hay at least once a day. Seven in 10 farmers also claimed that they were “incredible” in bed. I’m putting it down to the fresh country air.
The battle of the bee in EU
I see that the humble honeybee has sparked a disagreement among the EU’s lawmakers. The European Commission proposed that a number of bee protection measures which are currently guidelines be made into law.
They set out how pesticides should be tested to ensure bees are protected from both short-term (acute) and long-term (chronic) exposure.
A number of EU member states opposed the proposal and the Commission watered it down to include just acute exposure. MEPs in the parliament thought this was unacceptable and want the Commission to go back to the drawing board.
Has anyone tried asking the bees what they think?
Cost-cutting and energy saving measures are to be implemented by the Department of Agriculture – and all other departments. Ag House has invested in reusable cups and water bottles to cut out 80,000 single-use plastic bottles. Fair play. But The Dealer was sad to see the cupán tae in the Department is about to change forever. By the end of 2019, the Department wants to end the use of kettles, providing hot water taps to use in their place. The end of an era.
Ireland south MEP Billy Kelleher weighed in on votegate this week, by comparing the Dáil chamber to a cattle mart. “When a vote is taking place in the chamber, and I’ve been there a long time, it’s like a cattle mart with the prize bull coming in – people shouting across, asking people to vote because they may not be in their chair themselves. It is quite a chaotic scene,” he told EuroParl radio. By the sounds of it, he’s not missing out on the action on home soil.
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