@@lucasbispodossantos5074 The Australian Senate is pretty good. I wouldn't mess with them. Neither major party controls the numbers and the minor parties and some good Independents do some good work.
Go sook to who you voted for Commie These guys are doing a great job for the companies they work for Using the loopholes a pathetic government have left for you is peak capitalism Try again Look at who you're voting for
It's not just in Australia. Canada and the U.S., the consumer is being crucified. CEOs are making record bonuses and record profits. THERE IS ABSOLUTELY NO NEED FOR THE CONSUMER TO BE PAYING THESE PRICES.
Corporations employ Aussie battlers, the real enemy are our politicians. Spending 100s of billions of tax payer dollars making our lives more expensive. Basic economics.
Yeah " Greed". The growing state power has nothing to do with it hahahhaa I meed to leave this place, yoi are a soon to be Brazil and i'm not staying to live that hell again hahahhaha
It's about time, this man makes 8.2million dollars a year while people can't feed thier families which is what they are supposed to help with. We cannot live without food and water. What a monopoly and he should go to jail and should sacrifice his billions !!!!!! Sick man!!
@norlshouse7289 banks borrow money from the RBA. RBA charges their own interest and dictate inflation. I hate to be the bearer of bad news, but you can't stop progress. We live in a continuously evolving digital world. It's adapt or die for any business worth their salt, and banks are no exception. If digitising operations dramatically boosts revenue and decreases expenses then it's standard business practice to take advantage. Rural branches are unfortunately an unnecessary liability.
What about the house market, rent, insurance companies ripping off the people, banks and petrol prices?? We can live without expensive brands, but not without a roof over our heads.
Farmers are being crushed ? The whole system of the international chains has literally failed the intention to interact with producers, consumers and also the environment in which pays the ultimate price.
I have answered the questions senator. Now please let me go home to my mansion as I plan on going overseas for holidays and need to have my yacht cleaned.
Aren't Coles and Woolworths businesses that are supposed to make money ? They also employee the most Australian's in the country. I know let's make them less profitable, so they can sack workers and we can pay more welfare. Sounds like a very Australian thing to do. Oh ! They also make up a large chunk of most people's superannuation investment.
What law did the CEO break? What is he being charged with? Company made 67 billion revenue and the CEO only made 8 million which is only 0.01%. You do realize that the company employs 200 thousand employees and that 67 billion is what's used to pay their salaries, health, vacation time, etc. Oh wait a second, this senator is part of the Australian Green...lmao!!!
It's about time! Let's not also forget beside daily necessity....there are many other stuffs like petrol, clinical(bulk bill) and those stuffs that makes Australia Australia. People needs to fight back!
Its the corporations that are paid off by politicians and the World Economic Forum that are the problem. Not the politicians paid off by the World Economic Forum and corporations.
"Let them eat cake..." Well, if we could afford it... we would. I'm honestly completely at a loss on the level of audacity of some of these individuals. The scales have never been so tipped. Sleeping tigers eventually awaken.... The Australian Government needs to be aware that people will only tolerate so much. Hopefully, they do something to combat this. And soon.
I reckon any big business including insurance companies making huge profits off the back of essential services should have limits imposed on the profits they can make, ensuring a level playing field. These bloke belong in jail for ripping off the customers and farmers.
Woolworths! Excessive profit is tantamount to theft! Where are you morals? And what about the shareholders who simply enjoy their dividends and stay silent?
Is it possible that the Aust Government has instructed the supermarkets to increase pricing on grocries so more GST can be obtained to pay off the Covid debt ?
If it come to jail he'll suddenly have some serious health issues squashing jail time. I can't believe the government have let this happen to him, normally they protect their corporate allies
8.4 million for what honestly for what. If you'd contributed to something like building a house or something other than stealing people's hard earnings. No, he sits in his office, drinking sparkling water, trying to see how he can do us over more. And he gets rewarded for it in millions.
We have allowed this to happen by destroying alot of the small business there should be different family business owning small supermarkets, petrol stations, hardware shops throughout Australia. Meanwhile the corporate giants pay very little in relation to massive profits. We have the illusion of choice the farmers and suppliers can only survive selling to these ruthless corporations. We created this monster.
In Vietnam there recently was a woman who embezzled billions of dollars (I think it was something amounting to 6% of their countries GDP). She's been given the death penalty. Now I ain't suggesting the death penalty. But that money definitely needs to be paid back into the Australian people, farmers, and economy. And at least years (not months) in jail, and never being able to do this again by being in charge of a big company for the rest of his life. And that is being nice.
They sold me a phone that didn't work and refused to refund or exchange it. I went inside and exchanged the phone for an air fryer. They didn't like it but I refused to be bullied by big business
The Woolworths CEO is fine. They are a business and aim to profit as much as possible like every other business. He earned every part of his salary. This issue is with the ACCC for allowing this duopoly to continue unfettered for decades.
The question is: how much he gotta pay up to get back to what he was doing? Until i see this guy behind bars and food prices go to adequate low, i'm not buying all this media crap.
We can address inflation starting with the 3million govt workers salaries....a royal commission on you govt employees and salaries is a must if you want to address inflation
And what about government over regulation of the farming industry? What about water ownership which you stole from the farmers and gave over to foreign intrests? What about the government red tape that sees you adding unecessery burdens on small businesses so can cannot survive? What about 3 tiered government which has its hand in our pockets every step of tge way? Hypocrisy thy name be government.
wake up people. this happens every time there is a price change. opportunists jump onboard. when ATMs came in, the rationale was that lost teller jobs would result in lower fees. Now we PAY fees for ATMs. get used to the lies, or rise up. The public is fed bullshit every day and the public puts up with it. A significant proportion of the public actually profiteer from it..
Don’t let them deceive you. The government is largely to blame, making costs so high, taxes, wage rises, different requirements to operate not only on the grocery chains but also on the farmers. The government is to blame and they’re punishing the CEO’s as a scape goat for their own economic stupidity. This why Australian industry is dying, when a company does too well the government punishes them
We’re getting price gouged yet the CEO makes a bonus that’s double his salary. Only thing I like about Woolworths is that they’re the only shareholder I’ve got money in that pays decent dividends 😂 thinking of selling tho because my respect for Woolworths is just going down
Driving home Friday peak hour , petrol empty had to pull into coles petrol station. Long line of people waiting to pay as coles had only one worker there taking on all customers stress.
No, he won't. He will be protected, or someone else will take the fall. CEOs never serve jail time. Plus, 6 months? Pffft, his legal team will get him off with a light plea bargin
Why blame the CEOs. They are just doing their jobs. If you had another 4 or 5 large supermarkets they will compete for your business. Just like banks we could do with another 10 banks
I'd say they all have good points. Now when a state or an authority is interfering with a private business or a corporation for public use or benefit, like rents, or rent increased or here with a supermarket making profits, then Australia morphs into welfare state and towards socialism. Eventually the good products or houses will make way for lower quality type alternatives, because its not worth it to be in this market or in business. The better products will be exported and the new and upmarket houses will be sold to foreign investors. Is this already happening in 2024?
Yes it's time these pirates actually faced penalties themselves. Put them in jail.
The government gives them $50 million a year each. This is all theatre
Only if gou put the senate as well
@@lucasbispodossantos5074 The Australian Senate is pretty good. I wouldn't mess with them. Neither major party controls the numbers and the minor parties and some good Independents do some good work.
Go sook to who you voted for Commie
These guys are doing a great job for the companies they work for
Using the loopholes a pathetic government have left for you is peak capitalism
Try again
Look at who you're voting for
It's not just in Australia. Canada and the U.S., the consumer is being crucified. CEOs are making record bonuses and record profits. THERE IS ABSOLUTELY NO NEED FOR THE CONSUMER TO BE PAYING THESE PRICES.
The behaviour of the Woolworths CEO is atrocious
Most definitely
I used to work for Woolies. All they focus on is cost minimisation and profit maximisation.
He donr give a fk
What a grub
@@yianniathanasopoulos It's a public company what else do you expect?
Put him in jail!
Jail these criminals
Absolutely
You're talking about the politicians right? 😂
They are not criminals though
That 8.4 million made him clueless regarding senate enquiry
Because of corporate greed, this country has destroyed the aussie Battler.
Corporations employ Aussie battlers, the real enemy are our politicians. Spending 100s of billions of tax payer dollars making our lives more expensive. Basic economics.
At why Joyce gone arrested
Yeah " Greed". The growing state power has nothing to do with it hahahhaa
I meed to leave this place, yoi are a soon to be Brazil and i'm not staying to live that hell again hahahhaha
@@lucasbispodossantos5074 wtf are you on about?
Really? The Liberal government printed 1 trillion in debt and gave it to their rich mates.
When will the banks be looked at with same level
The banks are running the show. Taking their competition down a peg.
Its a bit different. Food is a commodity, the primary one after water. Banks are offering a service, no one really needs them.
@@komo06 SO ARE WW AND COLES, NO DIFFERENCE AT ALL
Never. Remember who the government borrows from. Nothing happens without the bank.
@@clairehabib5915 food is a commodity. Banks are not
It's about time, this man makes 8.2million dollars a year while people can't feed thier families which is what they are supposed to help with. We cannot live without food and water. What a monopoly and he should go to jail and should sacrifice his billions !!!!!! Sick man!!
So why aren’t we asking the banks the same questions?
Banks are to powerful they own the government
Explain how they're related?
@@boriroiI might not be exactly the same thing but the banks get away with some very very dodgy shit and have no accountability for it
@@boriroi excessive salaries and bonuses for CEO’s, screwing customers and staff, closing rural branches etc etc
@norlshouse7289 banks borrow money from the RBA. RBA charges their own interest and dictate inflation.
I hate to be the bearer of bad news, but you can't stop progress. We live in a continuously evolving digital world. It's adapt or die for any business worth their salt, and banks are no exception. If digitising operations dramatically boosts revenue and decreases expenses then it's standard business practice to take advantage. Rural branches are unfortunately an unnecessary liability.
Lock him up.....
For what
@@natandjai contempt
@@flikitova1399 you know so actual little
@@natandjai ok Ukrainian troll farm bot
He won't go to Jail. Nothing ever happens to these criminals.
Tell that to Alan Bond.
You need to listen Riccardo. He got the answer bye bye ceo
This criminal CEOs must be jailed, they are stealing from millions customers!
You must be Jailed as well, why not? Hahahaha
They are ripping off the farmers big time as well.
And when are our spineless politicians going to do something substantial to stop the price gouging.
I can't believe what Australia has become...we need our great country back
It's everyone else's country except for the people who were born here, grew up here and busted the backside for.
What about the house market, rent, insurance companies ripping off the people, banks and petrol prices?? We can live without expensive brands, but not without a roof over our heads.
He has nothing on what Albanese is doing to Australians and Australia NOTHING!!
6 months? Oh no, what an awful punishment!
He will now answer the questions very quickly!
GOOD. ON. YOU. NICK. FOR NOT. PUTTING. UP. WITH. THEIR. "BULLSHIT. ". I. LOVE. THE
SENATE. AND THE. POWER'S. THEY. HOLD
No need to yell.
He should be banned from being a CEO at a minimum…
Obviously you don't know much about the CEO as he is resigning in August.
Obviously you don’t know much about the laws of being a CEO 😂😂😂 go have a read, educate yourself and come back
A politician with a spine. It's such a shockingly rare sight. Need to know more about this guy!
This Senator is on point, next he should go after the banks. They all need to be put on notice to stop the gouging.
Take his 8.4 mil
Farmers are being crushed ? The whole system of the international chains has literally failed the intention to interact with producers, consumers and also the environment in which pays the ultimate price.
I have answered the questions senator.
Now please let me go home to my mansion as I plan on going overseas for holidays and need to have my yacht cleaned.
This is the genius who removed Australia Day merchandise from Woolworths isn’t it . 😂😂
All these ppl complaining he will only get 6 months... u all do realise its for contempt NOT anything to do with Woolworths....
As a senator, how much superannuation are you paid compared to other people, and are you paid when you get out of politics.
Greens love tax payers funded flights
Isn't it 15%... golden handshake + + +
Aren't Coles and Woolworths businesses that are supposed to make money ? They also employee the most Australian's in the country.
I know let's make them less profitable, so they can sack workers and we can pay more welfare. Sounds like a very Australian thing to do.
Oh ! They also make up a large chunk of most people's superannuation investment.
.." including 6 months in prison for you"...
that got his attention !!! 👍
The greens pretending to care about farmers 😂.
What law did the CEO break? What is he being charged with? Company made 67 billion revenue and the CEO only made 8 million which is only 0.01%. You do realize that the company employs 200 thousand employees and that 67 billion is what's used to pay their salaries, health, vacation time, etc. Oh wait a second, this senator is part of the Australian Green...lmao!!!
That criminal looks like Daniel Andrews’s older brother
It's about time! Let's not also forget beside daily necessity....there are many other stuffs like petrol, clinical(bulk bill) and those stuffs that makes Australia Australia. People needs to fight back!
Its the corporations that are paid off by politicians and the World Economic Forum that are the problem. Not the politicians paid off by the World Economic Forum and corporations.
"Let them eat cake..."
Well, if we could afford it... we would.
I'm honestly completely at a loss on the level of audacity of some of these individuals.
The scales have never been so tipped.
Sleeping tigers eventually awaken....
The Australian Government needs to be aware that people will only tolerate so much. Hopefully, they do something to combat this. And soon.
Well said!!!!!
Words are cheap. The senate will do nothing. What about banks, power companies, fuel companies, insurance companies, etc,etc
im sick of the potato prices!!!
Shopping cost $300, home loan $600,000. Get the Banks too!
CRIMINAL
Consider the poverty struck families who can’t afford milk and cheese
I reckon any big business including insurance companies making huge profits off the back of essential services should have limits imposed on the profits they can make, ensuring a level playing field. These bloke belong in jail for ripping off the customers and farmers.
So then do something about it Albanese. They are all holding hands.
People with that much money won't spend a day in jail
Woolworths! Excessive profit is tantamount to theft! Where are you morals? And what about the shareholders who simply enjoy their dividends and stay silent?
Why only 6 months? Ripping off millions of people should be a bigger sentence. His friends in high places said to go easy on him.
They do self-check outs but no savings are passed over to the customer, and they literally facetime you while you do it without your consent.
He will never go to jail he's just playing the system.
Is it possible that the Aust Government has instructed the supermarkets to increase pricing on grocries so more GST can be obtained to pay off the Covid debt ?
If it come to jail he'll suddenly have some serious health issues squashing jail time. I can't believe the government have let this happen to him, normally they protect their corporate allies
8.4 million for what honestly for what. If you'd contributed to something like building a house or something other than stealing people's hard earnings. No, he sits in his office, drinking sparkling water, trying to see how he can do us over more. And he gets rewarded for it in millions.
We have allowed this to happen by destroying alot of the small business there should be different family business owning small supermarkets, petrol stations, hardware shops throughout Australia.
Meanwhile the corporate giants pay very little in relation to massive profits.
We have the illusion of choice the farmers and suppliers can only survive selling to these ruthless corporations. We created this monster.
Senate scrutiny look at yourselfs and government officials..
I don't have a problem with the prices, the lies on the sales and farmers not being paid fairly is the issue
Shame , same rules don't apply to other politicians in question time...😊
Dont blame greedy ceos for being pricks. Blame the pollies for having rules that allow it
In Vietnam there recently was a woman who embezzled billions of dollars (I think it was something amounting to 6% of their countries GDP). She's been given the death penalty.
Now I ain't suggesting the death penalty. But that money definitely needs to be paid back into the Australian people, farmers, and economy. And at least years (not months) in jail, and never being able to do this again by being in charge of a big company for the rest of his life. And that is being nice.
Rob Corbet was superior to the current Woolies CEO. He is disgraceful!
They ask all these questions and expose it, but what happens after ? nothing
That person thinks he is better than the board 😮lock him up .
Take his properties and money away as its profits of crime!
They sold me a phone that didn't work and refused to refund or exchange it.
I went inside and exchanged the phone for an air fryer. They didn't like it but I refused to be bullied by big business
Senate are also all talk no action
Jail with just dry bread and water.
The Woolworths CEO is fine. They are a business and aim to profit as much as possible like every other business. He earned every part of his salary. This issue is with the ACCC for allowing this duopoly to continue unfettered for decades.
The question is: how much he gotta pay up to get back to what he was doing?
Until i see this guy behind bars and food prices go to adequate low, i'm not buying all this media crap.
Legit can I earn millions of dollars and then just go to prison for 6 months…? Pretty sure I’d get over it quickly
Wow
Someone finally has stood up and asked the the question?
We are being absolutely ripped of by Coles and Woolworths.
Its a shit show
Why lock him up, he got paid to make record profit and extra bonuses to do so. Woolworths board maybe not CEO, CEO is no body.
We can address inflation starting with the 3million govt workers salaries....a royal commission on you govt employees and salaries is a must if you want to address inflation
And what about government over regulation of the farming industry? What about water ownership which you stole from the farmers and gave over to foreign intrests? What about the government red tape that sees you adding unecessery burdens on small businesses so can cannot survive? What about 3 tiered government which has its hand in our pockets every step of tge way? Hypocrisy thy name be government.
Why can’t the TGA and all others involved in the 💉 be held to account and jailed?
wake up people. this happens every time there is a price change. opportunists jump onboard. when ATMs came in, the rationale was that lost teller jobs would result in lower fees. Now we PAY fees for ATMs. get used to the lies, or rise up. The public is fed bullshit every day and the public puts up with it. A significant proportion of the public actually profiteer from it..
This joker is trying to blame the supermarkets for the government's inflation.
Would love government budget blow outs to cop the same scrutiny
Don’t let them deceive you. The government is largely to blame, making costs so high, taxes, wage rises, different requirements to operate not only on the grocery chains but also on the farmers. The government is to blame and they’re punishing the CEO’s as a scape goat for their own economic stupidity. This why Australian industry is dying, when a company does too well the government punishes them
Trying to pull the Woolies over our eyes😂🎉
AS IF the CEO of Woolworths will get any jail time 🤣
We’re getting price gouged yet the CEO makes a bonus that’s double his salary.
Only thing I like about Woolworths is that they’re the only shareholder I’ve got money in that pays decent dividends 😂 thinking of selling tho because my respect for Woolworths is just going down
Don't pussyfoot about and hold these people to account.
MONSTERS HOW COULD THEY DO THIS TO US!
Reality is the average Australia still shops here, doesn't use cash anymore meaming the bankers have taken over the world
True facts, it's about time, my question is,if Wollies and Coles are raking in millions and millions, why are they under paying their staff.
I agree that all companies that are price gouging should be held to account including our government no matter which party they are in.
Ahaha what a funny see how Australian learning how the economical system works!! Class number one 7.5 of 10 well done!
Driving home Friday peak hour , petrol empty had to pull into coles petrol station. Long line of people waiting to pay as coles had only one worker there taking on all customers stress.
HE DEFINITELY IS HIDING SOMETHING BIG
Exactly, and why has it taken so long to address this?
Revoke their business licence
I love the Aussie politicians there is no misunderstanding on what they say lol
Greed is a weakness don’t forget that so if your out there with gluttony and selfishness then your already dead you’ve missed the whole point of life
No, he won't. He will be protected, or someone else will take the fall. CEOs never serve jail time. Plus, 6 months? Pffft, his legal team will get him off with a light plea bargin
So are the banks...
People need to wake up because if coles and big super markets close there doors who are you going to blame
Oh whatever he isn’t going to jail for fucks sake.
I'm pretty sure just after he says 6 months prison, he follows it up with "or $5000 fine"
This is heavy needs to be an inquiry at the highest level under Australian 🇦🇺 law 🇦🇺 The truth will prevail 🇦🇺 😊
Why blame the CEOs. They are just doing their jobs. If you had another 4 or 5 large supermarkets they will compete for your business. Just like banks we could do with another 10 banks
That's every company in Australia
What will come of this absolutely nothing, just a show for the people!
I'd say they all have good points. Now when a state or an authority is interfering with a private business or a corporation for public use or benefit, like rents, or rent increased or here with a supermarket making profits, then Australia morphs into welfare state and towards socialism. Eventually the good products or houses will make way for lower quality type alternatives, because its not worth it to be in this market or in business. The better products will be exported and the new and upmarket houses will be sold to foreign investors. Is this already happening in 2024?