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BFCSA: How soon will it be before the rest of the Big 4 bank chiefs ALSO announce retirement?

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Extracts from the article Family man: NAB chief Cameron Clyne walks away

Date April 3, 2014 - 4:59PM        

  • Elizabeth Knight                    

Business columnist

At 46 the outgoing chief executive of the National Australia Bank was given the option of staying a further three years - but in a rare step for one from the upper echelons of business, Cameron Clyne decided to put his family first and retire.  Over the past year he has spent six and a half months out of 12 away from home - a outcome which clearly didn't agree with his preferred work-life balance.

He quipped that he would like his marriage to last longer than his time as a chief executive...."

" The big four banks all have large full service and quite independent operations in New Zealand. Clyne had earned his stripes running NAB's New Zealand bank, BNZ."

"History will be written and rewritten on Clyne's performance in the role".  

"He took the job six weeks before the collapse of Lehman Brothers so its fair to say the first few years were a roller coaster ride.

Unfortunately Clyne didn't manage to dispose of the bank's troubled UK operations and can be criticised for underestimating the rot in that market and the weight this anchor would place on NAB...."

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  • doyla66
    doyla66 Friday, 04 April 2014

    Its not retirement he is seeking its cover

    What a crock of sh%t just watch all these crooked bastards run for the hills or should I say Majorca where all common Aussie criminals retire to. All the Big 4 Banks are having CEO retirements 2 have stated their intention and I would not be at all surprised if the other 2 come up with some bogus reason for their impending get outs as well. You just wonder if another infamous head of a so called independent inquiry being held right at this minute might have put out the secret "cooee" Bankers Code of Piss off while the coast is clear call. As the net tightens as it most certainly is, much more will begin to surface and the focus will go right back on our BANKS, there is no where to hide anymore. People have become so much more socially conscious and aware of their rights plus they are placing far more emphasis on the right to vote and its importance to get the RIGHT PEOPLE in power. No more free rides for politicians and no more politicians setting up protection screens for their BANKSTER MATES, those days are over we are all aware its time to clean up the past mess and start afresh. So enjoy your Bankster ill gotten gain retirements Lady and Gentlemen as your days of luxury and freeloading at the community expense are coming to an abrupt close.

  • doyla66
    doyla66 Friday, 04 April 2014

    Totally agree with your post "Not just Whistling" I might write a thankyou letter to Mr. Clyne and give him a pat on the back for his service to Nab. Under his command I lost my home through illegal and fraudulent practices. Do you think he would appreciate an account of the circumstances that led to our home being repossessed by Nab. As if he would give a flying fig. !!!!! Well he no doubt deserves a well earned rest he would think. After all he has had to carry an enormous amount of baggage on his back whilst the CEO.

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