NAB shares in trading halt as bank set to announce leadership changes

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Breaking: National Australia Bank is set to announce changes in leadership, days after chairman Ken Henry and CEO Andrew Thorburn were slammed in the royal commission

 

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As a NAB employee it doesn't surprise me that I found out via Twitter. Seriously why are the staff the last to know

NAB anyone but Baird. Otherwise you will rue the day.

Arrogance personified !! Two leaders of the Entitlement Set.

Scary and disappointing..

Mike Baird eh?

Never seen such outrageous arrogance from one man and his buddy Ken Henry

Good riddance

that’s a surprise

Tumbrils. Bring Tumbrils!

I’d live their pay out to be as incompetent

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NAB shares in trading halt pending 'leadership changes'National Australia Bank shares are in a trading halt pending an announcement to the market regarding leadership changes. Was there a trading halt of all financial institutions before the release of the bankingRoyalCommissionWHITEWASH report? Like, who did not know NAB was best avoided?
Source: abcnews - 🏆 5. / 83 Read more »

NAB enters trading halt pending 'leadership change' announcement | Sky News AustraliaThe National Australia Bank has entered a trading halt pending a 'leadership changes' announcement.\n\nThere is market conjecture the announcement could be related to the scathing assessment of the organisation's conduct by the banking royal commission.\n\nSingling out NAB and CEO Andrew Thorburn , Commissioner Kenneth Hayne said the company didn’t appear to be taking responsibility for what had gone wrong and had continued to blame faults on administrative errors.\n\n\n _leo_s _leo_s Interesting - the guy who was shoplifting down at Woolies, do they get the option to resign?
Source: SkyNewsAust - 🏆 7. / 78 Read more »

NAB in halt ahead of ‘leadership changes’NAB shares have been placed in a trading halt ahead of an announcement about “leadership changes” amid speculation over the futures of chief executive Andrew Thorburn and chairman Ken Henry. More like Andrew Thormomix. Thanks - Spiff Arrogance has a price. Finally! elisereports
Source: newscomauHQ - 🏆 9. / 77 Read more »

NAB bosses 'cop scathing criticism' in banking royal commission | Sky News AustraliaThe banking royal commission has given 76 recommendations in total that cover banks, superannuation, mortgage brokers and financial advisors.\n\nThe final report gives 22 referrals of 19 banks and other financial institutions to Australian Securities and Investments Commission and Australian Prudential Regulation Authority, which may lead to criminal prosecutions.\n\nSky News host David Speers says the report does not ‘name names’ of who should be criminally prosecuted but the NAB CEO Andrew Thorburn and chair Dr Ken Henry ‘copped some scathing criticism’, saying they were the most criticised individually.\n\nBanking royal commissioner Kenneth Hayne QC says he not persuaded the NAB is willing to accept responsibility for deciding the right thing to do in the future and requiring their staff to act accordingly. \n\n As a former employee that doesn’t surprise me at all. Ken Henry! The Liberal finance God Surely not Labor’s fiscal guru and godlike pin up boy Ken Henry 😱 Media say nothing
Source: SkyNewsAust - 🏆 7. / 78 Read more »

NAB CEO cancels long-service leave after criticism from the banking royal commissionNational Australia Bank chief executive Andrew Thorburn has cancelled a period of long-service leave after criticism from the royal commission. clancyyeates It seems even though he knew the BRC was happening, he still thought it would all blow over and he could pop off for a holiday..... thats confidence clancyyeates Maybe there is an option for a longer type of leave...... clancyyeates And will he lose any salary? What are this guys KPIs? Does he get a bonus for incompetence?
Source: smh - 🏆 6. / 80 Read more »

NAB CEO cancels long-service leave after criticism from the banking royal commissionNational Australia Bank chief executive Andrew Thorburn has cancelled a period of long-service leave after criticism from the royal commission. Bit of luck he’ll get some long-service leave curtesy of the state. Bring on Mike Baird he will bring credibility to NAB after he walked out of Premier when it all got too hard DigbyHughes auspol nswpol RoyalCommission I think Thorburn's tenure will be short.I have had big issues in my company,3 loss making years and 1 break even we have returned to profit,but I have not taken a day off in that time because it is my responsibility.That is what I as CEO am paid for
Source: theage - 🏆 8. / 77 Read more »