Via The Australian:
ANZ chair David Gonski says he will not take a short-term view during the coronavirus crisis as he addresses concerns shareholders will bear the brunt of bank actions through the pandemic.
Less than two weeks out from the bank’s half-year result, which investors fear will see its dividend slashed, Mr Gonski said he was acting in shareholders’ long-term interests. “Some might say that, at the moment, with some of the actions we are taking, shareholders in the short term may have to bear the cost and it is my job to act in the interests of shareholders,” Mr Gonski said in an interview published on ANZ website Bluenotes.
