The fixed wages of ANZ executives may be standing still after last year’s increase, but a resurgence in cash bonuses should offset any lingering disappointments among the bank’s C suite.
Cash bonuses flatlined in 2020 but fixed pay rose as compensation for the dozen or so executives forced to white-knuckle it through COVID-19 restrictions and loan deferrals.
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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
