Mike's Minute: Orr has shown his lack of professionalism

Michael Reddell, who appears on this show a fair bit, has put the Adrian Orr resignation back in the news.

He has a source close to the action that, in simple terms, suggests that Orr packed a sad at a couple of meetings, one of which was with Nicola Willis, the chair of the Reserve Bank Neil Quigley wrote to Orr with a list of concerns over that behaviour, and Orr quit.

The underlying issue appears to be the fact the Government were determined to cut the Reserve Bank's budget, which ultimately, they were successful in doing.

Why?

Mike's Minute: It's revealed Adrian Orr left with little dignity

It's hardly a surprise, is it? Adrian looks at what Nicola is offering to run the place, packs a sad, and is off.

It’s a pathetic end to a tumultuous period in which we, the people who paid him, deserved an awful lot better.