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ANZ 'shock': Chauffeured cars, wine storage bring down boss
video Departing ANZ boss David Hisco's personal use of chauffeur driven cars and wine storage costs using the bank's money have cost him his $3 million-a-year job. ANZ revealed today that concerns about Hisco's personal expenses stretched back nine years and amounted to "tens of thousands of dollars" in company money. News of his departure today - and the reasons for it - had been met with "shock and disappointment" among ANZ staff. Hisco had previously been on sick leave due to ill-health. ANZ NZ chairman Sir John Key said Hisco believed he had an agreement with the previous group chief executive of the ... (full story)