David Smith is a good choice for NRL chief

ScottWoodward.me Roar Guru

By ScottWoodward.me, ScottWoodward.me is a Roar Guru

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    Dave Smith may not have been a rugby league man, but that was a strength. (AAP Image/Damian Shaw)

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    New ARLC boss David Smith resigned from his job with Lloyds Banking Group, one of the UK’s biggest lenders, after his Australian unit posted a net loss of over $1 billion in 2011.

    As Chief Executive of Lloyds International, Mr Smith made a statement (before anyone knew that he would be the next head of Australian rugby league) that Lloyds’ Australian business “is on a very strong footing” and that he felt it was “the right time to seek new opportunities”.

    We now know what those “new opportunities” are.

    The fact that Lloyds have asked Smith to hang around until the first of February to help with the leadership transition indicates that he is highly thought of by the bank’s board.

    When a key executive decides to leave he is normally ushered out before the tea lady arrives.

    We can assume that David Smith has accepted a drop in salary.

    We cannot compare Smith’s Lloyds package with JP Morgan Chase & Co’s Jamie Dimon, who takes home $23.1 million in salary, bonus, stock and options. Nor can we compare him to Wells Fargo chief John Stumpf ($19.8 million), Richard Fairbank, CEO of Capital One Financial Corp ($18.7 million) or Citi’s CEO Vikram Pandit ($14.8 million).

    But you don’t get to preside over $50 billion worth of assets without being very well remunerated.

    I applaud the commission for not reacting to the mainstream media, and for not making a knee-jerk, early decision.

    They have taken their time and been very selective, and let’s hope they have backed a winner. I think they have.

    Who cares if the new main man does not know who Cam Smith is? Who cares if he did not attend a game this year?

    David Smith has inherited a group of outstanding human resources within the NRL, and his key role will be to bring them together as a united team and help them grow.

    He also needs to be able to implement the ARLC’s Strategic Plan, while also being proactive enough to build his own plan and have it endorsed by the commission.

    The 16 NRL clubs, especially the Storm, the Sharks, the Panthers, Souths, the Knights and the Titans, should benefit from Smith’s background in corporate loans.

    Saving these clubs and helping them turn a profit is a hell of a lot more important to the game than sitting on the hill having a hot dog with Freddie Blogs.

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    The Crowd Says (35)

    • November 25th 2012 @ 5:00am
      Mick said | November 25th 2012 @ 5:00am | ! Report

      Well said. There are plenty of talking heads in league – too many. They need a business man to run the business side of rugby league, so they hired one. Buzz, Biff and Bobo at the Tele can trumpet however much they like about him not being one of the boys, but they’ll, as is so often the case, be wrong.

      • Roar Guru

        November 25th 2012 @ 10:21am
        ScottWoodward.me said | November 25th 2012 @ 10:21am | ! Report

        Mick,
        The bias with some of these journos is a disgrace to the profession, similar to what Obama received when he ran for Prez recently.A heap of the stuff they wrote is not only incorrect but misleading, but the fact remains they are influential as seen by the fat salary Ricky Stuart has got out of parra.
        Your comments about the media echo what all my mates say.

        • November 26th 2012 @ 7:19am
          Mushi said | November 26th 2012 @ 7:19am | ! Report

          Isn’t it also misleading to spend a paragraph throwing out the salaries on the bank CEOs without referencing that smith wasn’t even remotely in a similar role?

          • Roar Guru

            November 27th 2012 @ 11:53am
            ScottWoodward.me said | November 27th 2012 @ 11:53am | ! Report

            Mushi,
            They are both CEOs and both work for Banks…hows dat

    • November 25th 2012 @ 5:59am
      Crosscoder said | November 25th 2012 @ 5:59am | ! Report

      If Smith can organise upgrading of facilities at the Sharks,he will be performing yeoman’s service.
      As a matter of interest the Shark’s licensed club received their agreed instalment of $10m on Friday ,from their development principal Bluestone Capital Ventures.The club now has a debt est $2.5m ,with an asset backing (due to DA approval) of est $22.5m.A debt one suggests easily manageable .

      As to the pressure applied by journalists particularly from the News stable ,to rush CEO appoinments and decision making,suggests they are desperate for stories and no other reason.

      The ARLC has demonstrated independence by not pandering to these guys,making considered decisions,some of which were not popular (shoulder charge eg),and the journos in question used to leaks and forever obliging NRL execs,have now had to join a queue.

      Smith will be judged on his 1st year”s performance,not on early prognostications as to, whether he knows the name of players,has a ru background,is Welsh,is a Banker therefore unable to administer a sport and has never played the game..

      If the code(NRL) under his watch can achieve the $300m pa revenue objective under the SP,then he has for a start ,paid his way.

      • Roar Guru

        November 25th 2012 @ 10:23am
        ScottWoodward.me said | November 25th 2012 @ 10:23am | ! Report

        Cross
        Well said mate.
        I was impressed by the fact that he did not try to BS. He did not try and be someone else.
        Good start.

    • November 25th 2012 @ 8:40am
      Dogs of war said | November 25th 2012 @ 8:40am | ! Report

      As he is implementing a big change to how the game is run, I expect a lot of noise from the media as those impacted by the changes run to the media to complain. How he handles that will be his biggest test. I would hate to see him flip flop just cause of that noise.

      Comment left via The Roar’s iPhone app. Download it now [http://itunes.apple.com/au/app/the-roar/id327174726?mt=8].

      • Roar Guru

        November 25th 2012 @ 10:25am
        ScottWoodward.me said | November 25th 2012 @ 10:25am | ! Report

        Dogs
        You don’t have 1,500 working for you in several countries and be responsible for 50 big ones if you are weak. If the main stream media want to be objective, then they will be the ones flip flopping.

    • November 25th 2012 @ 8:55am
      Roarsome said | November 25th 2012 @ 8:55am | ! Report

      I just hope the old guard man up enough to give Smith the space and freedom he needs.

      Comment left via The Roar’s iPhone app. Download it now [http://itunes.apple.com/au/app/the-roar/id327174726?mt=8].

    • Roar Guru

      November 25th 2012 @ 10:28am
      ScottWoodward.me said | November 25th 2012 @ 10:28am | ! Report

      Roar
      John Grant has been a breath of fresh air. So far he has done almost everything correct (apart from ignoring the growth in Melbourne) and I think he is smart enough to step back now and let Smith front up.

    • November 25th 2012 @ 10:57am
      Greg said | November 25th 2012 @ 10:57am | ! Report

      I think he is a good choice,you only have to look at what Jim Doyle has done in his time has CEO of NZ League.Never played the game,is a a Scotsman,but he ran Navman.We dont want meatheads running this great game.

      • Roar Guru

        November 25th 2012 @ 2:01pm
        ScottWoodward.me said | November 25th 2012 @ 2:01pm | ! Report

        Greg
        Obama has never ran a business and he become Prez.

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