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'We're trying to get some answers': ANZ chief executive grilled in banking sector competition inquiry

Author
Newstalk ZB,
Publish Date
Wed, 23 Oct 2024, 6:19pm
ANZ NZ chairman Scott St John (left) and chief executive Antonia Watson answering questions at the inquiry into banking sector competition. Photo / Mark Mitchell
ANZ NZ chairman Scott St John (left) and chief executive Antonia Watson answering questions at the inquiry into banking sector competition. Photo / Mark Mitchell

'We're trying to get some answers': ANZ chief executive grilled in banking sector competition inquiry

Author
Newstalk ZB,
Publish Date
Wed, 23 Oct 2024, 6:19pm

The chair of Parliament's Finance Committee is perplexed ANZ's head wasn't across the details of her pay packet. 

Chief executive Antonia Watson was among the banking heads grilled by MPs this morning, under pressure to justify a $2 billion profit during tough times for Kiwis.

She says she's paid $2.5 million, but would need to give her total remuneration including share options and bonuses, in writing. 

Stuart Smith says he wonders about that.

"I'd be very surprised if a senior bank executive wasn't interest in - to the dollar - in how much they're paid."

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