Opinions differ on the wisdom of using the Senate’s extraordinary powers to threaten to jail CEOs who refuse to humbly recite a corporation’s return on equity.
Greens senator Nick McKim – appropriately once Tasmania’s minister for prisons – spent Tuesday doing precisely that to a hapless Brad Banducci. He figured the Woolies chief’s arrogance had to be “taken down a peg”, or so McKim later said.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
