Mike Baird takes pathetic banking job

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Can we please drain the swamp now?

Former New South Wales premier Mike Baird has been appointed chief customer officer at NAB after his surprise retirement from politics last month.

Before entering politics in 2007 Mr Baird spent 17 years working in corporate and institutional banking roles in Australian and overseas with NAB, Deutsche Bank and HSBC.

The 48-year old had been Liberal premier since April 2014 and said when he retired that he wanted to spend time with his family and to help his parents and sister through “serious health challenges”.

With respect (barely), this is a pathetic position for a former premier. He ran the state now he’ll apologise for the banks? Have some dignity.

The career trajectory in Aussie politics is now clear:

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  • gains some power to sustain or amplify the bank/housing ponzi;
  • take a fat pension (in part generously proportioned so it prevents regulatory capture) into semi-retirement as a banking fig leaf on a fat sinecure.

Fair dinkum.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.