Woolies Shareholders Have a Problem

Steve Johnson of Forager Funds discusses the recent 'retirement' announcement of the Woolies CEO, and the current retail supermarket environment.

 

When the CEO ‘retires’ just a month before end of year results, shareholders should be worried. The news obviously isn’t going to be good, and the board obviously isn’t happy. So it is with Woolworths’ CEO Grant O’Brien, who fell on his sword yesterday.

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