NAB CEO Andrew Thorburn has resigned, adding to the list of departures by Australia's corporate elite.
The RC report release is playing out like a slow moving train wreck, one by one gathering victims along the way.
Having read all of the recommendations, I am of a mind to support all of them, except for the Mortgage broker one. See very little reason to put 10's of thousands of people out of work, to fix a system that works rather well and genuinely does bring competition to the market.
The government should really be digging its heels on this a bit more to support small business, and Labor is being a bit idiotic in wanting to implement it without thinking through the consequences.
Otherwise, there are things that need to be done for Super, Insurance and Governance and they should be implemented as soon as possible, before the lobbyists get involved.
Anyone think there are implications specifically for them?
