On 19 January 2017 then Liberal MP for Manly and NSW Premier Michael Bruce 'Mike' Baird announced that due to serious illness in his extended family he needed to quit politics right now.
Despite a generous parliamentary pension calculated on 9 years & 10
months as a member of parliament, 7 years as a shadow minister, over 4 years as
a minister and 2 yrs, 9 months & 7 days as state premier, he immediately started to look for a high powered job in the private sector.
Forty days later it was reported that Baird had been made part of National Australia Bank's senior executive team as head of its corporate and institutional banking division.
Where his parliamentary pension will be topped up by a NAB annual remuneration package which includes cash salary in the vicinity of $1 million (based on executive remuneration in NAB 2016 Annual Financial Report) and benefits such as superannuation and performance rights.
A cash salary around three times more than he received as NSW premier.
It seems that having decided that he didn't want to fulfil his commitment to his electorate and serve his full term Mike Baird came up with a 'reason' for going that doesn't bear close scrutiny.
One again a Liberal Party politician played New South Wales voters for fools.
UPDATE
According to one South Australian reader on 1 March 2017 Mike Baird admitted to the ABC that his total annual remuneration package was $2 million.
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