NAB chief gets A$1m golden handshake as he exits the bank

Pedro Gonçalves
clock • 2 min read

Former NAB chief executive Andrew Thorburn will receive a A$1m payout for his early departure from the bank. Thorburn quit his post earlier this month alongside chair Ken Henry after both men were shamed by commissioner Kenneth Hayne's scathing final report. As the fallout from Australia's royal commission report reverberates through the industry, NAB said: "In accordance with his contractual entitlements, Mr Thorburn will receive payment of $1,041,449 in lieu of 26 weeks' notice, along wi...

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