ANZ CEO Earns A$10.9 Million as MPs Attack Profits
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Australia & New Zealand Banking Group Ltd., Australia’s third-largest lender, said Chief Executive Officer Mike Smith was paid A$10.9 million ($10.7 million) last fiscal year, as politicians step up attacks on banking profits.
Smith’s pay for the 12 months ended September 2010 was little changed from the previous year and included shares, A$3 million in cash, and a bonus of A$2.5 million, according to the Melbourne-based company’s annual report, released today.