One last kick in the nuts from Ken Henry

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The media is full of the disgraced NAB pair today. I can’t be bothered with their Johnny-come-lately drivel. Here’s the summation from the ABC and suffice to say that Ken Henry and Andrew Thorburn should have resigned long 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.

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.

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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.