ANZ shareholders reject executive pay over mismanagement

smh.com.au [$]

ANZ shareholders delivered a second strike against the bank's executive pay, with over 32% voting no due to mismanagement and a string of mishaps. The vote occurred after ANZ paid a $240 million penalty for unconscionable conduct and cut 3500 jobs, impacting profits. Executives will not receive bonuses, and former CEO Shayne Elliott is suing over denied bonuses related to past regulatory issues.


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ANZ shareholders reject executive pay over mismanagement | News Minimalist