Select parts of Corporate Australia are being revealed as naked as the iron ore tide goes out. Yesterday we had this from Coles CEO Mike Durkin:
Coles boss John Durkan…told The Australian’s Global Food Forum that Australia’s economy is not doomed because of falling mining commodity prices.
“We at Coles fundamentally disagree with that, we are in danger if accepting after the resources boom there will be a low growth economy — and we don’t accept that.”