In 2017, Aryzta paid its shareholders €52.7 million in cash dividends off 2016 profits. The following year, it paid a smaller, so-called scrip dividend, distributing extra shares in lieu of cash. Since then, stockholders have received nothing from the Swiss-headquartered food multinational that makes Cuisine de France baked goods, McDonald’s burger buns, and much more. Many of them are Irish, since the group was born in 2008 from the merger of IAWS here and Hiestand in Switzerland and continues to employ many Irish people. The activist investor-led ousting of the Irish leadership team, then led by chairman Gary McGann and…

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