Forum Archive Index - October 2000

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

>
> 
>Snoopy - I am tempted to forward your comments re staff levels on to
>Wrightsons, with your permission of course, and ask Dr Allan Freeth
>for his comments.
>
>
Sure John, forward away.  No permission required.  It is all 
information that is in the public domain, and I too would be 
interested in  Dr Freeths reply.  The condition being that you report 
any reply to this forum of course!
>
> 
>First, though, you need to compare apples with apples and convert
>the A$ to NZ$ and then compare the staff numbers over NZ$100K. You
>may well get quite a different number. With A$74K = NZ$100k you
>could be adding quite a few to Ridley's figure of 24.
> 
> 
28 was the figure for Ridley (staff paid over $A100,000) in the 
Annual Report 2000.   Information on staff paid between $A74,000 and 
$A100,000 at Ridley is not in the public domain.   

I take your point on the currency difference, but I still think my 
original comparison was fair.  I gave the sales figures for Ridley in 
$A too.  So if you look at the *ratio* of 'Company Sales' to 'High 
Paid Staff Salaries' the actual dollar used for comparison purposes 
(being Kiwi or Aussie) cancels itself out of the equation. 

I can probably anticipate what Dr Freeths answer would be:

'Ridley and Wrightsons are not comparable businesses...etc etc'

Still both are agricultural retailers (Ridley being a stockfeed 
seller) and both do have a high tech breeding side to their business 
(Wrightson -crops, Ridley -Pigs) so I don't think the comparison is 
totally unrealistic.   And that 2:1 high paid staff ratio in favour 
of Wrightsons is startling!  SNOOPY



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