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AAP
AAP
Derek Rose

YOU WONT BELIEVE: Anz chief executive forfeits 1 5m bonus after outcry - You Need To See This

A portion of ANZ chief executive Shayne Elliott's annual pay has been slashed by $1.5 million. (Arsineh Houspian/AAP PHOTOS)

The chief executive of ANZ will forgo $1.5 million in pay after a shareholder backlash following allegations of toxic behaviour in its dealing rooms.

Shayne Elliott asked to sacrifice what's known as his long-term variable remuneration after early voting showed the resolution was garnering just 50.08 per cent of the vote, with 49.23 per cent opposed.

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