ANZ chief executive Shayne Elliott has lost half of his cash bonus amid a bond trading and workplace conduct scandal that has engulfed the bank and prompted probes by the corporate and prudential regulator.
Unveiling a $6.7 billion cash profit for the year to September 30 on Friday, ANZ said Mr Elliott’s take-home pay would fall from $4.6 million to $4.1 million, with his short-term bonus cut from $2.3 million to $1.2 million.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
