ANZ extends top executive pay freeze

Aug 21, 2012
<p>No pay rise for 2013 as CEO targets more cost cutting amid slow lending growth in Australia</p>
A year ago the Australia and New Zealand Banking Group (ANZ), Australia’s third largest bank, decided to freeze the salaries of 900 of its top earners. Last week, chief executive Mike Smith announced that the measure was being extended to 2013. This happens

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