Yes, no argument, Chairman a multi decade career banker for bankers nothing of any priority for investors or customers. With CEO the WBC is regressing, look at the metrics poor results below market forecasts, paltry dividend. More certainty for the remuneration of course, no regression there, inverse to performance. Banking sector now just for utility type companies, WBC, ANZ, and NAB all just reported, moving towards a TLS type existence, barely there. At risk if an external shock, beware of any serious financial defaults here or overseas, these bankers are not up to it.
Ann: Westpac 2022 Full Year Financial Results Announcement, page-124
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