Did everyone see it on 7:30 report tonight ?

What's the bet that Henry gets an extra million in his golden handshake deal to appear on national TV trying to pacify disgruntled NAB bank customers ;)

NAB CEO Andrew Thorburn and chair Ken Henry resign in the wake of banking royal commission.

https://www.abc.net.au/news/2019-02-07/nab-ceo-and-chairman-both-resign-after-royal-commission/10790670

By Stephanie Chalmers, Stephen Letts and staff

Updated 19 minutes ago


Ken Henry says he and outgoing NAB CEO Andrew Thorburn are "deeply sorry", after both men announced their departures from the bank in the wake of criticism from royal commissioner Kenneth Hayne.
Key points:

Both men were singled out for criticism by commissioner Kenneth Hayne
Former ANZ executive Philip Chronican will be acting CEO
The bank had faced an unprecedented shareholder revolt at the end of last year

Mr Thorburn will leave at the end of the month, while Dr Henry will stay on in his role of chairman until a new, permanent chief executive is appointed.

In the banking royal commission's final report released on Monday, Mr Hayne said he had doubts that NAB had learned from its past mistakes, and criticised Mr Thorburn's characterisation of the fees-for-no-service scandal as "nothing more than carelessness".

"We're deeply sorry. We're saying we are deeply sorry," Dr Henry told ABC TV's 7.30.

"In our departures we are hoping that we will contribute to the development of a better industry that's capable of delivering better outcomes for customers.

"They shouldn't [take their business elsewhere] because NAB is demonstrating it's absolutely committed to building a better bank."

Ken Henry was the architect of Tax Reform. The one Swan went with only one part - the Resources Rent Tax aka the Resource Super Profits Tax. It didn't turn out to be a super profit for revenue.

lee wrote on Feb 7^th, 2019 at 9:49pm:

Ken Henry was the architect of Tax Reform. The one Swan went with only one part - the Resources Rent Tax aka the Resource Super Profits Tax. It didn't turn out to be a super profit for revenue.

But Norway has a sovereign wealth fund probably worth 1 trillion by now and they have a 78% super profits tax. Obviously Henry didn't know what he was doing. He should stick to robbing mums and dads investors. He is quite good at it ;)

Sir lastnail wrote on Feb 7^th, 2019 at 10:02pm:

lee wrote on Feb 7th, 2019 at 9:49pm: Ken Henry was the architect of Tax Reform. The one Swan went with only one part - the Resources Rent Tax aka the Resource Super Profits Tax. It didn't turn out to be a super profit for revenue. But Norway has a sovereign wealth fund probably worth 1 trillion by now and they have a 78% super profits tax. Obviously Henry didn't know what he was doing. He should stick to robbing mums and dads investors. He is quite good at it ;)

Ken Henry is just another highly paid idiot.
I hope he never gets another job.

Sir lastnail wrote on Feb 7^th, 2019 at 10:02pm:

lee wrote on Feb 7th, 2019 at 9:49pm: Ken Henry was the architect of Tax Reform. The one Swan went with only one part - the Resources Rent Tax aka the Resource Super Profits Tax. It didn't turn out to be a super profit for revenue. But Norway has a sovereign wealth fund probably worth 1 trillion by now and they have a 78% super profits tax. Obviously Henry didn't know what he was doing. He should stick to robbing mums and dads investors. He is quite good at it ;)

you do know that wealth is derived from SELLING  fossil fuel dont you rusty

Bobby. wrote on Feb 8^th, 2019 at 5:48am:

Sir lastnail wrote on Feb 7th, 2019 at 10:02pm: lee wrote on Feb 7th, 2019 at 9:49pm: Ken Henry was the architect of Tax Reform. The one Swan went with only one part - the Resources Rent Tax aka the Resource Super Profits Tax. It didn't turn out to be a super profit for revenue. But Norway has a sovereign wealth fund probably worth 1 trillion by now and they have a 78% super profits tax. Obviously Henry didn't know what he was doing. He should stick to robbing mums and dads investors. He is quite good at it ;) Ken Henry is just another highly paid idiot. I hope he never gets another job.

He probably won't need one with all of his 1st division lottery wins over the years !

cods wrote on Feb 8^th, 2019 at 6:48am:

Sir lastnail wrote on Feb 7th, 2019 at 10:02pm: lee wrote on Feb 7th, 2019 at 9:49pm: Ken Henry was the architect of Tax Reform. The one Swan went with only one part - the Resources Rent Tax aka the Resource Super Profits Tax. It didn't turn out to be a super profit for revenue. But Norway has a sovereign wealth fund probably worth 1 trillion by now and they have a 78% super profits tax. Obviously Henry didn't know what he was doing. He should stick to robbing mums and dads investors. He is quite good at it ;) you do know that wealth is derived from SELLING  fossil fuel dont you rusty

So where is ours then ? That's right you gave it all away to foreign pirates and instead we are continually made to fear not having enough for our retirement :(

Sir lastnail wrote on Feb 7^th, 2019 at 10:02pm:

Obviously Henry didn't know what he was doing. He should stick to robbing mums and dads investors.

Poor petal. Ken Henry designed a suite of reforms that were supposed to work in tandem. That is as a unit.

Dear old Swanny cherry picked one out of the suite of reforms and thought it would do the job by itself.

Sir lastnail wrote on Feb 8^th, 2019 at 9:48am:

Bobby. wrote on Feb 8th, 2019 at 5:48am: Sir lastnail wrote on Feb 7th, 2019 at 10:02pm: lee wrote on Feb 7th, 2019 at 9:49pm: Ken Henry was the architect of Tax Reform. The one Swan went with only one part - the Resources Rent Tax aka the Resource Super Profits Tax. It didn't turn out to be a super profit for revenue. But Norway has a sovereign wealth fund probably worth 1 trillion by now and they have a 78% super profits tax. Obviously Henry didn't know what he was doing. He should stick to robbing mums and dads investors. He is quite good at it ;) Ken Henry is just another highly paid idiot. I hope he never gets another job. He probably won't need one with all of his 1st division lottery wins over the years !

He won't be short of a quid - unlike his 1000s of victims.

cods wrote on Feb 8^th, 2019 at 6:48am:

Sir lastnail wrote on Feb 7th, 2019 at 10:02pm: lee wrote on Feb 7th, 2019 at 9:49pm: Ken Henry was the architect of Tax Reform. The one Swan went with only one part - the Resources Rent Tax aka the Resource Super Profits Tax. It didn't turn out to be a super profit for revenue. But Norway has a sovereign wealth fund probably worth 1 trillion by now and they have a 78% super profits tax. Obviously Henry didn't know what he was doing. He should stick to robbing mums and dads investors. He is quite good at it ;) you do know that wealth is derived from SELLING  fossil fuel dont you rusty

Fossil fuels can be used to make chemicals, not just for burning.

stunspore wrote on Feb 8^th, 2019 at 6:50pm:

Fossil fuels can be used to make chemicals, not just for burning.

yes. plastics, tarmac, iphones. Whatever the millennials need.

lee wrote on Feb 7^th, 2019 at 9:49pm:

Ken Henry was the architect of Tax Reform. The one Swan went with only one part - the Resources Rent Tax aka the Resource Super Profits Tax. It didn't turn out to be a super profit for revenue.

Ken Henry presided over an organisation that ripped off it's customers and lied to the regulator....What does your gibberish have to do with anything relevant....Why would you defend this wanker???

:-? :-? :-?

philperth2010 wrote on Feb 8^th, 2019 at 7:19pm:

What does your gibberish have to do with anything relevant..

Because Ken Henry was the best thing since sliced bread when Labor were in Government. The "root and branch" tax reform. Well we know which part Swanny gave us. ;)


philperth2010 wrote on Feb 8^th, 2019 at 7:19pm:

Why would you defend this wanker???

oh dear. Poor phil is reading things that aren't there again. Where did I defend him?

It is called cognitive deficiency.

lee wrote on Feb 8^th, 2019 at 7:23pm:

philperth2010 wrote on Feb 8th, 2019 at 7:19pm: What does your gibberish have to do with anything relevant.. Because Ken Henry was the best thing since sliced bread when Labor were in Government. So what does that have to do with Henry ripping off his customers you idiot??? philperth2010 wrote on Feb 8th, 2019 at 7:19pm: Why would you defend this wanker??? Where did I defend him? You are deflecting from the fact Henry ran a rip off racket and are trying to derail the thread as usual you dickhead....Why don't you actually address the topic of the thread for a change and stop posting irrelevant bullshit??? ::) ::) ::)

do you think Henry should return the fee he got for his Tax Reform....seeing as how it went nowhere....and now he has proved how untrustworthy he is....

how much did Swan pay him did we ever find out???..

from memory  he had to go away and fix it about 4 times...... ::) ::)

philperth2010 wrote on Feb 8^th, 2019 at 7:31pm:

So what does that have to do with Henry ripping off his customers you idiot???

Oh dear. From what I see you have, what you call, "deleted" part of my post. ;D ;D ;D ;D ;D ;D


philperth2010 wrote on Feb 8^th, 2019 at 7:31pm:

You are deflecting from the fact Henry ran a rip off racket and are trying to derail the thread as usual you dickhead....Why don't you actually address the topic of the thread for a change and stop posting irrelevant bullshit???

Oh dear. Gone from defending to deflecting. ;D ;D ;D ;D ;D

lee wrote on Feb 8^th, 2019 at 7:38pm:

philperth2010 wrote on Feb 8th, 2019 at 7:31pm: So what does that have to do with Henry ripping off his customers you idiot??? Oh dear. From what I see you have, what you call, "deleted" part of my post.

You are a waste of time!!!

::) ::) ::)

Poor petal. Maybe it was inadvertently dropped. Then again perhaps not.

No more squealing like a stuck pig for you petal. ;)

Joe Pesci knew how to handle the banks:

http://www.youtube.com/watch?v=hchmmq1NkWA


Joe Pesci threatens banker from Casino.