Former ANZ CEO Shayne Elliott’s A$13.5m bonus scratched
Meanwhile, ANZ’s local operation reported a $2.53b annual profit amid the severe economic downturn.
ANZ is in good financial shape as it guides New Zealand’s economic recovery.
Most ANZ senior executives had their bonuses cut to zero in the past financial year due to several regulatory failings, including the former chief executive, New Zealander Shayne Elliott, who was denied a A$13.5 million bonus.
ANZ – New Zealand’s largest bank, whose parent is based in Australia
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