He was CEO for 5 years 2014-19, and if you look at the share price graphs for CBA, ANZ, Westpac compared to NAB, they are pretty identical over the same time period
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They did.
How does that compare to the other big 3 banks for the same time period? Can’t be farked working it out myself
EDIT already answered
They can when it comes to making list management decisions regarding who we draft or trade for.
If Thorburn does a good job over the next 5 -7years as CEO of Essendon he will be a candidate as the next CEO of the AFL - that’s my prediction. NAB is a major sponsor of the AFL so his connections with AFL would be good
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Disagree, that is a football decision.
The making of the $850k to pay him is a business operation matter / decision.
Team and salary cap management should exclusively sit on the football side (provided we have the money to pay them!)
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There is a difference between
- someone saying that, according to my religion , it would be wrong for me to take certain action ( while respecting your views)
- someone saying that, according to my beliefs, what you are doing is wrong and you should not do that.
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No they can’t. As soon as significant amounts of money, or potential organisational reputational risk is involved, it goes beyond a mere footy decision.
And remember, it’s the job of the board and exec to manage the footy department. For instance, if a coach or list manager is feeling heat on their position, there’d be the temptation to mortgage the future for one big expensive trade to keep the wolves from the door, even if it’s the wrong move for the club as a whole. The footy dept always have to run big decisions past the board etc for exactly that sort of reason.
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Andrew Thorburn is a 57-year-old career banker. He was born in Melbourne and grew up “in the northern suburbs.” His mother was from New Zealand. Andrew went to Uni in New Zealand, then joined a bank. He worked for NAB in Sydney, rising up the corporate ladder until the head of BNZ was appointed CEO of NAB. At that point Andrew was appointed CEO of BNZ in his place. He was boss of BNZ from 2008 to 2014, when he was appointed CEO of NAB.
He was CEO of NAB right through the time of the Banking Royal Commission. When that Commission made its report at the start of 2019, Andrew resigned from NAB. Since then he’s been doing bits and pieces until now, when he’s been parachuted into the Essendon CEO job.
Apart from some peripheral involvement in the NAB AFL sponsorship, Andrew has had no experience working in the football environment. He’s just a larger edition of Xavier Campbell. All the same merits; all the same demerits. What was the point of shifting Campbell out ?
We’ll have to wait and see how he shapes up, but really as he was the CEO of NAB in the worst period of its existence I have very little hope for the outcome.
If you want to read more about Andrew Thorburn, check his Wikipedia biography. Also look at the Financial Review, 12 July 2018.
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Yep, I could only find the data from 2017, but I looked again and from 2014 - 2019 was down just under 8.5 %.
We always banked with NAB and they did no wrong by me.
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Good, if we have another scandal, between Scott and Thornburn, the AFL will do their best to sweep it under the carpet this time.
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He’s a huge upgrade on X on capabilities and leadership ……you’re comparing a weekend jogger to an Olympic athlete
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People bleat for a properly run process coaching wise and that was very thorough to then get us the best candidates and select one.
You can’t be spitting the dummy if similar is done for the CEO & don’t get who you want
Got to back in that the panel believed he is the best man for the job as far as running a multi million dollar business and engaging with the various high level stakeholders /sponsors etc
Experienced football operations manager and senior coach to take care of all things football. Director of football on the board specifically overseeing such also.
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He’s a fugging banker. One of the biggest, who lost his NAB job because of the effects of the Royal Commission. How does that qualify him to run our football Club ?
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He can just build a new one.
BDB IS GONNA DECIDE THE MONEY QUESTIONS MATE
I understand your sentiment but he’s not a “banker” as in the top end of town type banker ……he worked his way up from the bottom. Grew up in the northern suburbs before the hipsters took over
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However, since then he has been involved in smaller operations, including NFPs and start ups.
I don’t have a problem with his business CV for suitability as CEO. One of the big pluses is that he is not beholden to the AFL for his career and will be engaged in AFL meetings. Hopefully this will translate to a less supine EFC which might open up the AFL beyond the the bubble of the boys club at Docklands.
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Good point.
Exactly this. I’ll back the process taken and see how it goes.
Watson did speak glowingly about him too.
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