The most damming part of the whole 4 Corners investigation was the fact the Bunnings CEO Mike Schinder (2024 annual salary $2.7m) would not front the cameras. Worse, at last year’s Senate enquiry Bunnings sent along two female executives to the hearings. No Micheal Schinder, or Rob Scott (CEO of Wesfarmers, 2024 annual salary $7.1m) for that matter.
Both had a pretty low bar to get over after the Brad Banducci (ASX:WOW) performance on the same program last year. Pair of weak pricks. This management cowardice likely demonstrates the 4 Corners allegations around Bunnings predatory pricing, bullying of suppliers and anti-competitive behaviour generally are all true.