ANZ, one of Australia’s top banks, under scrutiny from the media for the extravagance of an incentive travel program, has announced that future recognition rewards will be “more modest.” In mid-February, the same week ANZ slashed 1,000 jobs and raised interest rates independently from the country’s Reserve Bank, the media learned of the company’s plans for a high-end recognition program in March and broadcast the details across the country: ANZ has reserved the Silversea Cruises’ Silver ...

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