Price Gouging Scandal Hits Woolworths

BUSINESS News

Price Gouging Scandal Hits Woolworths
PRICE GOUGINGSUPERMARKETSWOOLWORTHS
  • 📰 abcnews
  • ⏱ Reading Time:
  • 77 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 83%

Former Woolworths CEO Bran Banducci abruptly left an ABC interview discussing price gouging allegations. This incident is one of several controversies that have damaged the supermarket's reputation this year.

Former Woolworths CEO Bran Banducci walked out of an ABC interview about price gouging, one of many issues that has stained the supermarket's reputation this year.Earlier this year, I was asked this question by about 10 people: friends, contacts and people I've run into.

Each time, I'd be wondering how this person would have inside knowledge of movements in our small-but-mighty ABC business unit, a crew so compact we fit on the same Teams screen every morning and brace ourselves when school holidays take one or two people out of the roster.Former News Limited CEO, AFL commissioner and chair of the Sydney Opera House Trust (amongst many other high-pressure roles in business and the arts) Kim Williams was announced as the new chair of the ABC earlier this year.But the way that power, impact and reputation are projected means a change of leader, scandals and visible choices resonate far beyond the source.The supermarkets are in the firing line, and we'll get to them.Former Telstra chief Ziggy Switkowski has unveiled a review of PwC, but it's unlikely this is the end of an intense probe of its business and the way other consulting firms manage conflicts of interest.A larger group of staff then sold the scheme to big global customers, made millions in fees and gloated about it in internal emails, like this one.Loading... A government keen to curtail the billions it spent with consulting firms spied an opportunity — the chance to trim a rapacious vine that had grown to cover the run-down facade of the public service.The global management of PwC sensed the potential for contagion. After booting out senior leaders, it cut the firm in half and sold off the 1,500-employee-strong part that dealt with government contracts worth many hundreds of millions of dollars in profit for $

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

abcnews /  🏆 5. in AU

PRICE GOUGING SUPERMARKETS WOOLWORTHS CEO SCANDAL

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Millions of Australians victimised by insurers ‘price gouging’ with secret premium hikesMillions of Australians victimised by insurers ‘price gouging’ with secret premium hikes7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »

Fuel Price Gouging in Major Cities Demands InvestigationFuel Price Gouging in Major Cities Demands InvestigationThe NRMA is calling for urgent investigation into extended price rises by fuel retailers in Sydney, Melbourne, and Brisbane, highlighting that these cities have significantly higher fuel prices compared to smaller cities like Perth and Adelaide.
Read more »

Taxi Price Gouging Warning Ahead of Australian OpenTaxi Price Gouging Warning Ahead of Australian OpenPassengers are urged to be vigilant against inflated fares during the Australian Open in Melbourne as some drivers exploit new payment technology to overcharge.
Read more »

Voters blame one man for rising energy bills while companies get away with gougingVoters blame one man for rising energy bills while companies get away with gougingWe’ve been told the recent leap in power prices has been caused by Russia’s invasion of Ukraine. But that’s a tiny part of the story.
Read more »

Voters blame one man for rising energy bills while companies get away with gougingVoters blame one man for rising energy bills while companies get away with gougingWe’ve been told the recent leap in power prices has been caused by Russia’s invasion of Ukraine. But that’s a tiny part of the story.
Read more »

Voters blame one man for rising energy bills while companies get away with gougingVoters blame one man for rising energy bills while companies get away with gougingWe’ve been told the recent leap in power prices has been caused by Russia’s invasion of Ukraine. But that’s a tiny part of the story.
Read more »



Render Time: 2025-02-11 21:27:32