New Zealand dairy export goliath Fonterra had a silver spoon birth nearly 18 years ago. The offspring of a dairy industry super-merger which ducked the Commerce Commission on promises it would be a unique national economic champion, today Fonterra's looking a bit like the family's overweight, lazy teenager hogging the remote on the biggest couch in the room. And the credit card bills are coming in. Andrea Fox has an in-depth look at them in the first of a three-part series.

As big years go, 2001 was a monster.

Top of mind is what has come to be known simply

An ugly bottom line

China bombshells

Time for change

Breaking up hard to do

View from the top

What the law says

Betting the farm

Governance gripes