Woolworths CEO Announces Retirement Days After ABC Interview
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- Опубликовано: 19 фев 2024
- Woolworths has announced its CEO Brad Banducci will be retiring after eight years at the helm, as the company prepares for a public inquiry into suspected price gouging.
Advertising expert Karen Ferry joins us.
#Woolworths #BradBanducci #CEO
The prices at Supermarkets these days are outrageous.
And it's caused by the RBA, Government, and their incessant money printing.
As soon as people realise this the façade ends.
I’m walking out of my Job I’m suffering and want my $27 million dollars 💵…… Scamming us all
Retirement ? No..he's been shown the Door...
@user-rj2el1yg9i what does wke mean?
But he need never work again. Instant millionaire.
I was really surprised how quickly he folded under the pressure, especially for someone in that position, the Coles CEO carried herself far better in my opinion, she was very professional. Trading practices aside.
I actually think the Coles CEO came off worse. she looked smug
I had my "Body language" book during the program on numerous occasions she was not upfront in answering questions
Both totally living on a planet.. not anywhere near earth..
OMG what next...
If you want to show your annoyance then DONT SHOP AT WOOLWORTHS
I don't
Or Coles, both as bad as each other
Agreed if we have more options to choose from, we're in this situation due to lack of competition
I love in Carnarvon. It's either woolies or iga. At this point there both the same price🙄. I'll start going to iga
Coles and Woolworths are too big
All the profit goes off Shaw!
Don't fall for the distraction.
The main cause of our struggles are our Governments decisions
and they Use Mainstream Media to distract us away from the Gov onto other players like woolworths and coles.
They have price Gouged
but Our Gov & Central Bank has failed us Much Much More.
Marcus, a lot of the profit goes to tax and even more to shareholders, probably including your super fund.
We need more competition in Australia. We got 2 big supermarkets, 4 big banks, 1 big airline and not enough competition.
@@EatMyShortsAU Agree
Omg! It was just so painful and cringeworthy … how was he not media trained ?!!
Now we all can see the quality of someone who is paid millions. How embarrassing...
We also see the lack of respect for his customers as well, after he walked out and then came back again. I'm guessing someone said something to him.
Woolworth claims loss. It’s an accounting exercise in deception. They actually made a massive profit - the loss was booked for sympathy.
Yeah they wrote off losses on assets, claimed the tax and kept the profit.
@@several. well said!
Jumped before he was pushed!!!!❤🤪
No doubt he will get a massive retirement bonus and share portfolio as a reward for the Record profit and share price rise because of the massive price rises by gouging its sucker customers.
Folded like the South African Cricket team at a World Cup Final. I left Woolworths a shopper because of their Dismal Rewards Scheme. Spend $150 on a shop and get back 150 points or 75 cents in rewards. Hopefully Glen Baker follows him out the door as well.
Next in line is coles
Go Alan !!!! Get these big supermarkets who muscle out small to medium retailers
I'm not sure what this has to do with Coles?
@@listey Coles has been ripping people off same as Woolworths
Here’s a sneaky little thing that Woolworths changed during Covid when no one was watching…. They got rid of the rain check, Coles still gives rain checks but Woolworths doesn’t
at the same time we bang on about woolworths, regulators just allowed ANZ bank to gobble up Suncorp - if we want to stop price gouging, maybe we start with stopping companies that operate in duopolies or oligopolies from buying more and more of their smaller upstart competitors! Markets do not remain competitive by themselves!
Aldi , fresh and save , buy rite...anything but @#%$%ing woolies...and Coles...biggest rip-off merchant in Oz
South African
A white South African ?
I have said it ?
The elephant in the room !
UnAustralian
Enough said
*I actually thought the Coles CEO came off worse on the program. the smug look on her face. they both probably need to go.. I wonder what huge severance bonus he will leave it*
I hate how they dress in workers clothes, “look at me I’m one of the people” it’s a total farce.
I suppose the CEO will end up going back to Africa, and hopefully woollies will sell Australia Day merchandise next year, will wait and see.
Exactly the “white media”are doing a big campaign to destroy his image after he refused celebrate the Australia Day…..coincidence?
Why do people care more about Australia Day trinkets than they do about systemic price gouging and the $571 million in wage theft? It's a non-issue. Just purchase your 'made in China' Aussie flags from some other retailer 🙄
The Project making a joke out of a price gouging CEO walking out of an interview and avoiding covering the real Colesworth duopoly ripoff issues that 65% of Australians face. I guess they can't be too harsh because they need the (advertising) dollarsfrom Woolies & Coles too. Credit to the ABC for making the 4 Corners doco. If you haven't seen the whole doco watch it. It's on YT. Proper journalism.
Bad management example , the woolies team would love seeing him go.
I would love to know how much profit that Woolworths and Coles made out of banning the free plastic shopping bags, virtually 50% of everything in the shop is plastic now, all the glass containers are gone, and they banned the most useful plastic article as they were mostly used for garbage liners in the kitchen which now everybody has to buy as well as buying carry bags which they would be selling millions.
Now he will remember what he did to all the Australian people on Australia Day,,, ha ha ha Karma got him
what did he do? and I think this had to do more with the four corners program
@@MrBibi86Australia flag etc were banned. Use your head please.
yeah. That was a month ago. This has to do with the four corners program.. I very much doubt that many people boycotted Woolies because they didn't sell Australia merch. @@00VII
@@00VII They stopped selling cheap nationalistic merchandise that was manufactured in China.
Nothing was banned 🙄
So let me get this straight. The Project thinks that the most important angle of this story is bad PR guidance and not the price gouging? I mean... I think your priorities are messed up
He’s a nob
He hasn't got to care now, he achieved his aim of driving up the share price by making record profits by ripping his customer off myself one of them, he gets a massive golden hand shake retirement payment a big chunk being shares and this is why he has gone hell for leather in his time as CEO for this big day.
Woolworths never been the same since Roger Corbett left.
How convenient just like him to decide to retire when woollies and Coles are been looked into for price gouging their outrages profits theyve made of the backs of farmers suppliers and shoppers,... farmers and suppliers won't complain accc I feel it's because Coles woollies will drop them like hot cakes Coles woollies will go find another supplier and farmer. Farmers dairies work bloody hard for their living they the back bone of our country..should be paid full amount due for their produce.
What an inane interview.
Lol
Go Woke Go Broke !!
Yeah he is broke. $20 million retirement, not really broke..
how did anyone go broke!... not woolies or it's CEO
How TF is he 'woke' ??
What a meaningless statement.
@@KlausBahnhofHe is woke for not selling Australia Day merchandise. Technically he is Woke but not really broke(IMHO).
@@EatMyShortsAU They said that the merchandise didn't sell very well, so they pulled it. It was a capitalist business decision.
Just get your tacky plastic trinkets from another shop, problem solved.
Another theif running away with a huge bag of money
😂😂😂😂😂
Overblown. Woolworths is one of the best companies in Australia employing over 200,000 directly and indirectly. Have invested billions of dollars in Australia, and giving us shareholders a return on our investment.
We don't want companies in Australia to no make a profit. That way employees keep getting paid, suppliers get paid, and our super funds increase over time.
Let's pick on the local takeway store or hairdresser that only accepts cash and push no sale on the cash register.
@marcoschena99 aholes do tend to defend other aholes!
So since you're a Woolworths shareholder you're saying, 'Stuff the average Australian and stuff the farmers'. Mate you have no idea what equity in a society is if you think a duopoly is good for society.
That’s true go to small shoppings and you will see inflation , products for double price ….expired products etc
@@A__Love Most Australian's own shares in Woolworths through their super fund. I am not saying stuff anyone. I think you will find the average person out there is doing ok on $95,576 pa. If money is tight then you just need to revisit your spending.
There are plenty of farmers out there that feel fortunate to have a supply contract with Woolworths and make a lot of money from it. My wife shops at Aldi mostly, you don't have to shop there. You can support your local fruit shop, butcher and bakery.
You have to create your own equity it is not delivered on a plate. Get an education, work hard, spend less than you earn, save a little, don't do drugs. Enjoy your life.
@@marcoschena99 It is possible for them to make a profit without price gouging though. Woolworths' business practices are highly unethical and harmful to society at large. Remember this is the company that stole at least $571 million in wage theft over just a couple of years. Employing a vast workforce doesn't count for much if they're stealing from their own staff.
I'm not sure that the people skipping meals because they can't afford groceries are going to find much comfort in the super fund argument. That sentiment seems a little out of touch.
Banducci should have stuck to flogging groceries, he’s got no idea about Australian values 👎🏻❤️🇦🇺❤️🇦🇺