Anz bank – young execs bonus – private butler – ship cruise liner – profit interest

Anz bank – young execs bonus – private butler – ship cruise liner – profit interest

JUST days after sacking 1000 workers and raising interest rates, ANZ chief executive Mike Smith is to take 200 lucky staff on a five-day butler-serviced cruise on the “world’s best” luxury liner. At a cost of $1.75 million, the workers, rewarded as part of the bank’s CEO recognition program, will sail away on the Silver Shadow to Malaysia’s Langkawi Islands on March 6. Details of the sojourn have been posted on the bank’s internal website just days after it was confirmed that backroom jobs are being outsourced to India and the Philippines. ANZ yesterday announced a record $1.48 billion three-month profit – and Mr Smith warned home loan rates may go even higher to protect the bank’s profit margins. The luxurious Silver Shadow provides a personal butler for every guest, gourmet food and alcoholic drinks, and 117sq m suites with marbled bathrooms and satellite TV….