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NZ Executives Attend Controversial NAB Training Course

Fuseworks Media
Fuseworks Media

Wellington, May 22 NZPA - New Zealand executives have attended controversial training courses for senior National Australia Bank (NAB) executives in San Francisco.

Melbourne-based NAB, which owns BNZ, is fending off criticism in Australia for spending up on sending senior executives on exclusive courses in San Francisco at a time when it is cutting costs elsewhere.

The Herald Sun reported that bank workers, who are working harder with fewer resources, are outraged at the splurge on junkets for senior executives.

An NAB spokesman said a group of 24 senior executives from NAB's Australian, New Zealand and British operations would gather in San Francisco next week, the Herald Sun reported.

The Age reported that so far this year between 50 and 100 executives have secretly jetted to San Francisco to "learn to become bankers all over again".

The courses were also reported to be a slap in the face for Australian business schools.

Diane Maxwell, external relations manager, Bank of New Zealand, said it was important to keep senior people trained and in touch with good principles of management and leadership.

The parent had units in many parts of the world and San Francisco was where they grouped for training.

She said one New Zealand executive was in San Francisco this week and two others had previously attended courses there.

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