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Senator accuses Woolworth CEO Brad Banducci of dodging profit questions – video | Business


The Greens senator Nick McKim, who is chairing the Senate inquiry into supermarket practices, told Brad Banducci he may be held in contempt after the Woolworths chief executive declined to disclose the company’s return on equity, an important gauge of profitability, amid claims the company price gouges customers and unfairly puts pressure on suppliers. ‘I also feel compelled to advise you that that opens up a range of sanctions, personal sanctions that can be applied against you if that’s what the Senate decides to do,’ the senator said

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