Bank of Queensland’s ousting of chief executive George Frazis has raised analyst concerns about the lender’s outlook while adding additional pain to long-term bonuses designed to retain its top brass.
Questions about any new chief executive clearing the decks of some of Mr Frazis’ strategies, potentially causing writedowns, or risks to earnings were among concerns.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
