this post was submitted on 20 Feb 2024

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Woolworths CEO Brad Banducci announces retirement after ABC interview walkout (www.sbs.com.au)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

17 comments fedilink hide all child comments

Interesting title. Compare it with the ABC's version:

ABC: Woolworths chief executive Brad Banducci announces retirement as company announces $781m loss

all 22 comments

sorted by: hot top controversial new old

[–] [email protected] 27 points 1 year ago

The rot has been expunged! Any further price gouging will be a regrettable necessity in the current economy.

sounds of golden parachutes unfurling

[–] [email protected] 20 points 1 year ago

fuck him, but also this is blatant PR strategy.

"Oh we've gotten rid of the man at the top, see we're better now! No no, nothing institutional has or will change"

[–] [email protected] 19 points 1 year ago* (last edited 1 year ago)

Oh fuck, this is too funny. My wife and I watched the 4 Corners piece last night, and I said that the dumb cunt will probably be made to fall on his sword for being such an inept tool in the interview.

For context, the journo was presenting some observations from Rod Sims, the former head of the ACCC. This dickhead's response was to state that Sims was retired. Which he did... in 2022. Journo's response was on point, about how that didn't invalidate Sims' understanding of consumer law and rights. At which point, Mr Dumbfuck Fuckface got up and walked away.

Funniest shit I've seen in a while!

The sad thing? Because he "voluntarily" retired, I'm fairly certain this incapable moron will still get all his fucking shares and other benefits, as part of his contract.

Fuck Colesworth.

[+] [email protected] 17 points 1 year ago* (last edited 3 months ago) (1 children)

[deleted]

[–] [email protected] 15 points 1 year ago (2 children)

are you kidding? we are pathetically prostrate. Our culture is passive and obedient to a fault, and I mean that last part.

Remember the mining tax? we fucking love deep throating billionaires. Remember the outcry when extinction rebellion did literally anything? we hate authentic behaviour.

[–] [email protected] 1 points 1 year ago (1 children)

Those traits are pitfalls of being a high trust society.

[–] [email protected] 1 points 1 year ago (1 children)

what's the point of what you said? Like I don't mean it confrontationally just that I don't understand what the reason you wrote that down is.

[–] [email protected] 1 points 1 year ago (1 children)

To acknowledge the truth of what you said but offer an explanation. It's a fly in the ointment, if you like. No one wants to live in a low-trust society.

[–] [email protected] 0 points 1 year ago (1 children)

Ah right.

hmmm I don't think trust is monolithic and noncontextual. Like we've produced billionaires, our society has failed economically. That doesn't mean we have to distrust say, election officials. Or for example our police are shitbags but that doesn't mean we distrust our doctors.

[–] [email protected] 1 points 1 year ago

@naevaTheRat @fosstulate Am I being overly cynical in thinking that it's no coincidence the CEO of Woolies steps down, just as the talk of inquires and regulatory reform heats up?

After all, if there's a public inquiry or a Royal Commission, and the head of Woolies is called to testify, they'll now honestly be able to say that they only just stepped into the role recently, and have no idea about the decisions their predecessor made.

[+] [email protected] -5 points 1 year ago* (last edited 3 months ago) (2 children)

[deleted]

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago) (1 children)

are you sure it wasn't fear of mah jerbs and temporarily embarrassed millionaires voting against their own interest. Gillard was voted out because Australia hates change and especially hates women. We have one of the highest rates DV among similar countries. We fuuuuucking hated her because she was a woman, it had nothing to do with the mining tax or carbon tax.

Pick negative gearing, wealth taxes, free uni whatever we fucking suck.

Also mining tax was separate from the carbon tax you Dill. I misread your comment because I assumed you were smarter than you were.

[–] [email protected] 3 points 1 year ago (1 children)

No. It is the proposed mining tax where the Rudd government had the temerity of suggesting all that dirt belonged to all of Australia and those massive profits should be shared with the country. It wasn't even a bill, just raising the topic for discussion.

Then came a very successful (and in hindsight, cheap) media blitz by mining companies against the idea. Which in turn led to the Labor party dropping their leader only two and a half years into his first term.

You're thinking of the Emissions trading scheme, which the opposition very successfully smeared as a tax. It was never a tax. It was a quota system on the amount of pollution each company would make. It was also deeply flawed, because many of the biggest pollutors got a pass on their emissions.

Even if you want to call it a tax, Labor did not win a mandate from the population to go with just their own platform. They were sent in as a minority government, Australians had directed them to work with other parties like the Greens and their policies. You don't get to turn around and call that a broken election promise. They did what we told them to do.

[–] [email protected] 7 points 1 year ago (1 children)

A retired old man, just like Rod Sims.

[–] [email protected] 5 points 1 year ago

how funny is it that his entire careers legacy was defined in the 2 days before retirement haha.

suck shit to the arrogant peice of shit

[–] [email protected] 6 points 1 year ago* (last edited 1 year ago)

retire my arse. he was obliterated by the board over his shit interview. and the loss I guess

[–] [email protected] 5 points 1 year ago* (last edited 1 year ago)

Public listing of grocery retail is a key cause of these problems. Listed food has the wrong owners, by virtue of being listed in the first place, and they're pursuing their priorities at the direct expense of shoppers and suppliers.

If you suspect you're being fucked on a favourite purchase category, direct your custom elsewhere (Aldi, Costco, family run) and review your consumption rate. If I see unreasonable price rises, I know I'm buying less as a rule.

[–] [email protected] 3 points 1 year ago

TIL Australia’s had a similar issue as the US did with Columbus Day, now often renamed Indigenous Peoples’ Day here.