Email from ANZ boss on record payout to Indian billionaires

by | Sep 22, 2016 | Business, Despatch

ANZ boss Shayne Elliott opted not to say, “We stuffed up, let’s move on”. This is his email to the bank’s staff in the aftermath of an historic payout to Indian billionaires Pankaj and Radhita Oswal. The settlement is said to be north of $200 million. Shareholders will take a $145 million hit.

anz-eliot1 anz-elit2

Fee hunters grab $56m in 14 months

Lawyers, travel bans and money in action over fertilizer group sale


Michael West

Michael West

Michael West established to focus on journalism of high public interest, particularly the rising power of corporations over democracy. Formerly a journalist and editor at Fairfax newspapers and a columnist at News Corp, West was appointed Adjunct Associate Professor at the University of Sydney’s School of Social and Political Sciences. You can follow Michael on Twitter @MichaelWestBiz.


Case for Federal ICAC

Quad Erat Demonstrandum

Revolving Doors

Revolving Doors

Video Channel

The West Report

Support Us

subscribe to michael west media

[ Click to find out more ]

Michael West Email

Get Our Weekly Newsletter

Unsubscribe anytime.

Thank you! We'll also confirm via email.

Pin It on Pinterest

Share This