Woolworths heads back into the ring

Former Woolworths (ASX: WOW) supermarkets head Bill Wavish has criticised current management but endorses the return to its former double loop strategy. 

There’s a ‘dogs-passing-lamposts’ quality to former employees critiquing their replacements, each wanting to rain on the parade of their successors, especially if they’ve been fired or moved on after losing an internal power struggle.

Psychologists call it self-attribution or self-serving bias, in this case expressed in the tendency for managers to take credit for the good things that happen under their watch but blame their replacement for any subsequent poor performance.

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