Chair Nick McKim takes issue with CEO’s refusal to disclose company’s return on equity amid claims of price gougingFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAn Australian parliamentary inquiry has threatened to hold the head of the country’s largest supermarket chain, Woolworths, in contempt for repeatedly refusing to answer questions about the company’s profitability.The Woolworths chief executive, Brad Banducci, was asked by a Senate committee on Tuesday to disclose the company’s return on equity (ROE), an important gauge of profitability, amid claims the company price gouges customers and unfairly pressures suppliers.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…
Source link : https://www.theguardian.com/business/2024/apr/16/supermarket-inquiry-woolworths-contempt-threats-ceo-brad-banducci-return-on-equity
Author : Jonathan Barrett
Publish date : 2024-04-16 03:46:16
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