Achi news desk-
Woolworths Group CEO Brad Banducci will leave the company with a hefty $24.4 million pay cheque, which some analysts believe could be enough to do a weekly shop at Woolies for a family of four.
“It’s an incredible amount of money,” said finance commentator Zoe Theopolis. “To think that he will be able to afford a 75 pack of dishwasher tablets, possibly even when he is not special, shows how much this golden parachute is worth”.
Banducci’s payment includes share rights worth up to $8 million, enough to buy two packages of Kettle chips when bundled together on a price promotion. “He’s very lucky. This is the kind of money that can set you up for the week,” said Theopolis.
A Woolworth’s spokesman acknowledged that the payout was a lot of money, but said it was important to put things in perspective. “Once you buy a 500g jar of Moccona and a few bits of raspberry, there really isn’t much left”.
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