Echoes of AIG: ANZ Takes Heat for High-End Incentive Program

ANZ, one of Australia’s top banks, under scrutiny from the media for the extravagance of an incentive travel program, has announced that future recognition rewards will be “more modest.”

In mid-February, the same week ANZ slashed 1,000 jobs and raised interest rates independently from the country’s Reserve Bank, the media learned of the company’s plans for a high-end recognition program in March and broadcast the details across the country: ANZ has reserved the Silversea Cruises’ S

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