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Former ANZ CEO Shayne Elliott sues over $13.5M bonus cut tied to $240M penalty and customer harm.
Former ANZ CEO Shayne Elliott is suing the bank in New South Wales Supreme Court over a $13.5 million bonus cut, citing regulatory issues including a $240 million penalty for misconduct like unconscionable conduct in a government bond deal and harm to nearly 65,000 customers.
The board denied short-term bonuses to Elliott and his successor, Nuno Matos, and canceled unvested incentives, stating pay must align with risk and performance.
ANZ says the decision was deliberate and will defend the case vigorously.
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La exdirectora ejecutiva de ANZ, Shayne Elliott, demanda por una reducción de bonificación de 13,5 millones de dólares vinculada a una multa de 240 millones y daño a clientes.