ANZ's spin on exec pay disingenuous, union says

A salary freeze on ANZ National Bank executives does not include cash and equity bonuses, the bank says.

That has led a Kiwi banking union to accuse ANZ of disingenuous spin.

Melbourne-based ANZ National spokesman Stephen Ries, of Melbourne, says the 900 executives, including about 100 in New Zealand, affected by a salary "freeze" are eligible for short-term and long-term incentives.


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