Shayne Elliott gives up $3m in bonuses as ANZ cops first pay strike

Shareholders have handed the bank its first strike against remuneration in six years, furious about the handling of the crisis engulfing its trading floors.

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Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Outgoing ANZ chief executive Shayne Elliott has given up bonuses worth more than $3 million after investors vented their fury over how the bank has handled a crisis engulfing its trading floors, which are now at the centre of a regulatory investigation into market manipulation. More than 38 per cent of investors voted against ANZ’s remuneration report before its annual shareholder meeting on Thursday, a significant protest vote that ensured the bank and its board would get its first strike since 2018.

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