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   Zane Selvans (zaneselvans@social.coop)'s status on Friday, 07-Feb-2025 15:09:40 JST Zane Selvans

   • Nathan Schneider

   I'm having a hard time understanding what is going on with the Kerrygold #Cooperative. It doesn't seem like a demutualization event, but people are getting big payouts? Kerry Group and the dairy co-op are splitting up and the big company is buying back its shares from the co-op, so that's where the cash is coming from? But non-dairy producing co-op members are also getting cashed out? Do you understand @ntnsndr

   https://www.irishtimes.com/business/2024/11/12/kerry-group-agrees-to-sell-dairy-division-to-kerry-co-op-in-500m-deal/

   • Embed this notice
     Nathan Schneider (ntnsndr@social.coop)'s status on Friday, 07-Feb-2025 15:09:39 JST Nathan Schneider

     in reply to

     @ZaneSelvans it seems to me a work of exemplary business journalism, focusing only on the numbers and never on the politics.

   • Embed this notice
     Zane Selvans (zaneselvans@social.coop)'s status on Saturday, 08-Feb-2025 00:16:35 JST Zane Selvans

     in reply to

     • Nathan Schneider

     @ntnsndr Is that exemplary (sarcastic)? Are there interesting co-op politics to explore and understand? I first came across the "Kerrygold Rush" story in this BBC story and was like "it don't make no sense." They're trying to make this into a weird extractive capitalist feel-good windfall get-rich-quick story, but what the hell is going on in the background?

     https://www.bbc.co.uk/programmes/p0kpqk7d

   • Embed this notice
     Nathan Schneider (ntnsndr@social.coop)'s status on Saturday, 08-Feb-2025 07:30:58 JST Nathan Schneider

     in reply to

     @ZaneSelvans What I mean is that business reporting so often treats economic activity like a numbers game (line goes up, trade goes down), without actually bothering to explain what you're asking for: What is at stake for actual people, for workers, and who wins and who loses.

   • Embed this notice
     Zane Selvans (zaneselvans@social.coop)'s status on Saturday, 08-Feb-2025 13:13:22 JST Zane Selvans

     in reply to

     • Nathan Schneider

     @ntnsndr For WHOMST does the line go up?!