Fletcher Building 'suffered billions in wealth loss'Fletcher Building suffered an annus horribilis in 2017, and 2018 is looking like it will be testing for the company as well. Mismanagement of Fletcher Building may have destroyed up to $2.7 billion in wealth over the past nine years. READ MORE:* Fletcher Building extends trading halt* Fletcher Building boss's exit must trigger some soul searchingKIRK HARGREAVES/STUFF Fletcher Building's share price topped more than $12 in 2008, but was $7.77 before the trading halt began. JOHN SELKIRK/STUFF Fletcher Building has had a number of chief executives over recent years, including Jonathan Ling, (left) and Mark Adamson. But he said the $2 billion of debt held by Fletcher Building was complex and across a number of different parties.

Source: Stuff February 12, 2018 23:55 UTC