Canberra has played a game of one-upmanship on supermarket bashing over the past six months and may make the Guinness World Records for the use of the term price gouging.
Outgoing Woolworths chief executive Brad Banducci says cost-of-living pressures have hit the supermarket giant.
The supermarket giant’s outgoing CEO refused to answer repeated questions about the company’s return on equity,which infuriated Greens senator Nick McKim.
The sparring between Greens senator Nick McKim and Woolies boss Brad Banducci deteriorated into an unedifying headbutting contest.
The febrile hunt for profiteers in the midst of a cost-of-living crisis meant Australia’s largest companies had to worry about the potentially disastrous consequences of doing too well.
Brad Banducci,like Alan Joyce before him,was very good at lobbying governments. But the public lost patience with them,so they checked out.
Anthony Albanese will be at Taylor Swift in Sydney on Friday and then attend an exclusive performance by Katy Perry at Visy magnate Anthony Pratt’s mansion this weekend.
It seems we have entered the corporate twilight zone when a chief executive says they are “focused on helping our customers spend less each time they shop with us”.
Banducci’s resignation comes after he walked out of a Four Corners interview,where he was questioned about market concentration in the Australian supermarket sector.
Investors delivered the supermarket giant its first strike,prompting the company to defend its approach to changing executive pay after the deaths of two workers.