I thought it telling that Mr Thorburn treated all issues of fees for no service as nothing more than carelessness combined with system deficiencies … Overall, my fear – that there may be a wide gap between the public face NAB seeks to show and what it does in practice – remains.
Hayes quote on Thorburn following the royal commission.
Just what the club needs another man of lip service. Sell everyone on a dream but in reality, act like a money hungry self serving grub… Xavier 2.0
Welcome Andrew, quick question, can you use you’re contacts to get me a better home loan rate, I’m sick of getting ripped by my current lender, cheers.
This is a mystifying decision. Apart from all the banking royal commission stuff (his chief of staff was jailed for fraud - rorted $5.4m! - clearly not a tightly run office), what’s the chance that this guy (or any banking CEO for that matter) is going to be attuned to the concerns and priorities of ordinary rank and file members? He’s been living on another planet!
Seems the more things change, the more they stay the same.
For the sceptics posting here, if the people responsible for hiring Thorburn and it turns out to be a big disaster, then shouldn’t they also fall on their swords as well as the removal of the new CEO(only if the original decision fails). Otherwise, the people who chose him, were vere confident in end.
You don’t get to CEO level of a major bank without having a high degree of business acumen. Is the guy honest, ethical, fair, empathetic, a leader? Have no idea. Is he a talented business figure, categorically yes. Will he go rogue, no. He has a board to answer to and 85,000 members. Did NAB shares collapse under his guidance? I honestly don’t know but let me be clear, stockholder pressure vs football club membership pressure are not that much different