MurrayWatt Whoopee. $4.3m for getting sacked by the board after 88% of shareholders squashed his pay, the RC says he's a worm. $4.3m for the worst year a bank bloke can have and bugger-all for the customers his bank dudded. What utter garbage. The RC was just theatrical farce.
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Thorburn, Henry resign in NAB leadership shakeup | Sky News AustraliaNational Australia Bank CEO Andrew Thorburn and Chairman Ken Henry announced their resignations in the wake of a scathing assessment by the banking royal commission.\n\nThe bank has confirmed ex-ANZ Australia boss and current NAB board member Philip Chronican will take over as interim boss.\n\nThe bank’s corporate leadership was singled out by Commissioner Kenneth Hayne, who 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 AngusTaylorMP AngusTaylorMP Two questions that Credlin was afraid to ask and all Australia want asked: 1) will you build new coal fire power stations?, 2) will you allow gas fracking? AngusTaylorMP Only when it suits
Source: SkyNewsAust - 🏆 7. / 78 Read more »
NAB’s Andrew Thorburn and Ken Henry resign after banking royal commissionNAB chief executive Andrew Thorburn and chair Ken Henry have stepped down after being singled out at in the banking royal commission’s final report. Well played Kenneth Hayne and Rowena Orr ! A start. Small, but a start. But neither of those cretins give a rat’s ass- I’m assuming they’re both comfortably set up for life already. Resigned as opposed to fired... Any payout figures?
Source: newscomauHQ - 🏆 9. / 77 Read more »
NAB CEO, chairman resign after royal commission reportNAB chief executive Andrew Thorburn and chairman Ken Henry have resigned from their roles amid the fallout from the banking royal commission report. Bet he gets a great goodbye payment 'Organisational Scape-goats. No-one complained beforehand while we were bringing the money in !' The National Bank has a real cultural problem. This will be it. Resignation/sacking with a golden handshake will be the only consequences for corporate banking criminals.
Source: SBSNews - 🏆 3. / 89 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 CEO resigns after trading haltBREAKING: NAB CEO Andrew Thorburn and Chairman Dr Ken Henry will leave the bank. 9News More here: NAB NAB So they should! 9NewsAdel NAB Wow that means nothing after all the millions they made , and probably a huge pay out too
Source: 9NewsAUS - 🏆 10. / 72 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 shares in trading halt as bank set to announce leadership changesBreaking: 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 I’d live their pay out to be as incompetent Tumbrils. Bring Tumbrils!
Source: smh - 🏆 6. / 80 Read more »
Financial institutions face possible charges following final banking royal commission report | Sky News AustraliaThree financial institutions could face possible criminal charges after the final report into the banking royal commission was publically released.\n\nBanking royal commissioner Kenneth Hayne QC has made at least 20 civil and criminal referrals to APRA and ASIC within the 76 recommendations handed down in the report - involving companies including the Commonwealth Bank, NAB, ANZ and AMP but stopped short of calling for individual banking executives to be prosecuted.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry.\n\n\n\n\n\n\n RichardDiNatale A man with no empathy. Politicising natural disasters while they’re still happening is just not on. Why is your excuse of the fires in the early 1900’s, 1930’s. They definitely weren’t caused by digging up coal. Is Richard trying to be relevant? What has Richard got to say about Greens bullying allegations? auspol skynews abc RichardDiNatale Need a regulator with teeth? That sounds like a Marxist crocodile to me. What needs to happen is the culprits are punished to the full extent of the law. Imprisoned. The laws are adequate but the courts aren't.
Source: SkyNewsAust - 🏆 7. / 78 Read more »