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Frustrations of Westpac shareholders boiled over at a virtual AGM, targeting climate loans and various drama that has seen the stock fall 20 per cent in six weeks.
Frustrated Westpac shareholders have lashed out at the bank’s poor financial performance, hitting the lender with a first strike on executive pay at a feisty annual general meeting.
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Australian futures are pointing to modest opening losses despite gains in New York as the Federal Reserve signalled a shift towards taming inflation.
Westpac chairman has apologised to shareholders for the bank’s “disappointing” financial results, which instigate a share price dive of some 20 per cent since the end of October. Westpac chair