SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
ANZ Group has announced that its newly appointed chief executive officer will forgo his short-term bonus this year following a strong shareholder backlash against the bank’s executive remuneration. The decision comes after a significant minority of investors voted against ANZ’s executive pay report at the lender’s 2025 annual general meeting, raising fresh governance concerns for Australia’s fourth-largest bank.
According to proxy voting results released on Thursday, 32.36% of shareholders voted against the remuneration report. This figure exceeded the critical 25% threshold required to block the resolution, delivering ANZ a second consecutive “strike” on executive pay after a similar outcome last year. Under Australian corporate governance rules, a second strike can trigger a spill vote, giving shareholders the opportunity to vote on whether the entire ANZ board should stand for re-election.
ANZ Chairman Paul O’Sullivan told shareholders that CEO Nuno Matos had voluntarily proposed to forgo his short-term variable remuneration for the year, despite the fact that many of the issues driving shareholder dissatisfaction occurred before his tenure began. O’Sullivan acknowledged that while a significant minority opposed the remuneration report, some investors believed the bank did not go far enough in reducing executive pay, particularly in light of recent compliance and governance failures.
The chairman also noted that ANZ is currently facing litigation related to remuneration and governance matters, adding another layer of complexity to the bank’s challenges. Earlier this month, leading proxy advisory firms CGI Glass Lewis and Institutional Shareholder Services had urged investors to vote against the pay report, arguing that executive pay reductions were insufficient given ANZ’s history of regulatory breaches and scandals.
Market strategist Jessica Amir from trading platform moomoo said further consequences could still emerge for ANZ’s board, citing the bank’s ongoing compliance issues. However, she added that due to ANZ’s dominant position in the Australian mortgage market and its weight in major share market indices, investors may ultimately see the bank’s share price recover over time.
ANZ shares were volatile in early trading but later stabilised, rising 0.1% to A$36.13, reflecting cautious market sentiment amid heightened scrutiny of executive pay and board accountability.
