ASX 200: Star investors back CEO’s $7.5m ‘unusual’ pay; Bendigo Bank dives

Money laundering control crisis hits Richard Fennell-led Bendigo Bank. Star investors back CEO Steve McCann’s $7.5m pay deal.

Star Entertainment chief executive Steve McCann has negotiated a remuneration plan with the board that minimises downside in his first few years at the company.

That’s all from The Australian’s rolling coverage of business and markets news for Tuesday, November 25.

The ASX 200 index closed up 0.1 per cent to 8537 at 4.35pm AEDT with mining sector gains offsetting falls in banks.

Originally published as ASX 200: Star investors back CEO’s $7.5m ‘unusual’ pay; Bendigo Bank dives