Former ANZ boss sues bank after losing $13.5 million in bonuses

Former ANZ boss sues bank after losing $13.5 million in bonuses

Former ANZ boss Shayne Elliott has lodged legal action against the bank after it denied him millions in bonuses.

Former ANZ CEO launches legal action against the bank

Shayne Elliott says he has been left with "no alternative" but to launch legal action against the bank over its decision to slash $13.5 million from his bonus payments after he retired.

Former ANZ chief Shayne Elliott sues bank after losing $13.5m bonus

Despite his being stripped of millions of dollars in bonuses, the CEO’s punishment isn’t enough, influential governance advisory firms have told clients.

ANZ Sued by Ex-CEO: Is 4.7% Dividend Yield Worth the Risk?

ANZ Group Holdings (ASX: ANZ) finds itself in an unusual position today. Former CEO Shayne Elliott has launched legal action against the bank, claiming it breached his departure agreement by stripping A$13.5 million in bonuses. Yet shares are trading around A$35.70, up roughly 1% on the day and near 52-week highs. For investors, this creates…