Who is in the market for a used or, in car yard sales-speak, a "pre-loved" bank executive? Companies that are prepared to look past the sticky mud stains of the royal commission and pick up a very high level and experienced manager for a second-hand price - that’s who.
In my view it is no coincidence that Forrest and Bassat are company founders who have far greater influence over their respective organisations than the usual publicly-listed companies with a broad shareholder base.Loadingroyal commissionBassat and Forrest must have assessed what the chances were of Narev and Hagger being embroiled in the Australian Securities and Investments Commission's ongoing investigation and decided that it wasn’t going to be an issue.
Forrest seemed to suggest there was virtue in Hagger having taken some blame for what had happened inside the National Australia Bank. While Forrest said he was impressed by Hagger’s background in philanthropic work he also wanted his business skills.
How have these people avoided jail? Stealing millions from customers, with very little of it repaid and lives ruined, a fat payout and straight into another job. It's a white man's world, while our First Nations' children are locked in youth detention for petty crime. auspol
Well they didn’t the sack for their business ethics, quite the opposite. So as long as you keep them away from the till and their bonuses aren’t tied to the number of people that walk though the door without buying. Oh and make sure they don’t float the company
These people don't need to work. They've been paid enough already to set them up lavishly until their death and well beyond it.