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Elliott’s bonus hit shows how grumpy ANZ investors really are

Local fund managers are clearly unhappy with the board’s approach to risk management. Shayne Elliott is wearing a lot of their grief.  

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When ANZ chairman Paul O’Sullivan was growing up in Ireland, he lived in the only house for miles around that had a telephone. As such, he became very good at scribbling down messages for his neighbours.

On Thursday, as O’Sullivan fronted the bank’s annual meeting in Melbourne, he was forced back into message-taking mode – and the feedback from investors was not friendly.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/elliott-s-bonus-hit-shows-how-grumpy-anz-investors-really-are-20241219-p5kzo1