It’s an uncomfortable but unconscious truth that some first names are not associated with success. Those which immediately spring to mind include; Wayne, Kevin, and Nigel.
Brian is another example. Yes, the guitarist from Queen is highly competent in the fields of music and astrophysics, but he’s the exception, like Farage is amongst all the Nigels.
Australia has a classic “incompetent Brian” running (ruining?) the bank, Wokepac.
Luckily for Brian, he’s a member of The Club, which is handy because this time next year he’ll need to find a new job.
Firstly, he’s been at the helm during the latter phases of the multi-decade ongoing decline of the weakest of Australia’s “big four” banks, culminating in the apologetic letter (from page 10) in the annual report.
Secondly, he’s got to find $8m cash in his personal bank account between now and March next year.
Now, I’ve no doubt Brian’s personal wealth easily exceeds that; he earns over half of that a year in the salary component of his package alone, notwithstanding his generous decision to waive his performance bonus.
The more pertinent question is whether or not he has enough personal belief in the future of Wokepac, the Australian banking industry and the Australian economy in general, to cash in $8m of his investments and personal wealth and transfer it to shares in the dog of the banking sector?
Since joining The Club, Brian has feathered his nest nicely whilst virtue signalling, using shareholder’s money, on matters LGBTQ+, Aboriginal, diversity and every other cause célèbre.
The time has come to see quite how committed he is to this as a future business strategy. Chicken or pig, Brian?