Woolworths chief executive Brad Banducci was grumbling about the torrid time the supermarket's customers have been having dealing with the ban on single-use plastic bags which sent its sales into a ditch over the last two months or so.
"It was and has been a more painful adjustment than we thought, and out of line with what we’ve seen in South Australia, Tasmania, UK, France, South Africa," Banducci said.
Shoppers were putting fewer groceries in their basket because they didn't know how to get it to the car. Shoppers were also scrambling for the plastic toys on offer at Coles. If it wasn't for the impregnable position of the Woolworths pokies business it would be a real concern.
It meant poor Banducci probably did not get to bask in the glow of the massive profit boost Woolies reported for the year to June 30.
At least his chairman, Gordon Cairns, made sure Banducci felt appreciated where it really counted.
His statutory remuneration for the year totalled more than $7.75 million, up from $5.8 million the previous year.
That would require a lot of reusable shopping bags to carry out of his office door.
His newish supermarket boss, Claire Peters, also did well with remuneration totalling $4.34 million.
As the Bruce Willis character in Pulp Fiction might have said: “Neg’s dead baby, Neg’s dead”.
And boy do our pollies know it.
"I'm not afraid to say the C-word: Coal, Coal, Coal is going to be one of the areas we invest in,” said Nationals deputy leader Bridget McKenzie on Monday as Malcolm Turnbull lost all dignity but clung grimly to his job.
And in completely unrelated news, an ASX notice on Monday declared that former Nats leader Mark Vaile bought 4,500 shares in the ASX-listed company he now chairs, Whitehaven Coal.
Not that he needed to prove his love for the fossil fuel. Vaile already owned 2 million shares worth more than $10 million as of Monday morning.
And then there is the bumper dividend which will be making its way to investors in a few weeks.
That will be delivering Vaile another $540,000 cash payment, which is on top of the $395,000 he was paid as chairman last year.
Long live coal.
Those hapless mugs who put their money, and trust in John McGrath’s real estate shop, McGrath Ltd, can at least take heart that they were not paying exit costs on the high executive turnover.
CBD could not spot any ex-gratia payments for the many executives who have fled the group and the Herculean task of reviving the share price.
One other thing is certain, it got a good price on its new CEO Geoff Lucas. His $500,000 salary is certainly less than his predecessor Cameron Judson who squirreled away a salary of $645,000 in his last full year in charge of McGrath.
There was another interesting item in the annual report which includes the shareholdings of directors and key management personnel.
Our new CEO Lucas started the 2017 financial year with 5.717 million McGrath shares to his name, and finished the financial year on June 30 with zero shares to his name.
He sold his shares in September last year for $3.7 million as part of a block sale of shares by former McGrath executives.
Needless to say, it was well before Lucas contemplated a comeback to McGrath which he rejoined as CEO in February this year.
Speaking of executive comings and goings, Andrew ‘Twiggy’ Forrest’s Fortescue is watching its pennies - given the financial impact of its increasingly discounted ore - but former CEO Nev Power still managed to scarper with a $1 million ex-gratia payment after his share options were curtailed at the board’s discretion.
He still walked away with $5.9 million worth of “actual remuneration paid," according to Fortescue - as opposed to statutory remuneration disclosed.
But Forrest remains the king. Despite the drop in dividend, he will be receiving a $124 million cheque from his miner next month, which will take his dividends to $239 million for the year.