Business
ANZ jargon ‘utter nonsense’, says ANZ chief – The Australian Financial Review
However, Shayne Elliott was glad the bank’s talk of ‘systemic cadence’ and ‘velocity to benefit realisation’ had delivered investors some light humour.
At the risk of tooting our own horn, years of digging up admissions buried in corporate releases have made us pretty good decoders of corporatese. But even we were stumped by the claim, on page 10 of ANZs latest investor presentation, that the banks focused approach ensures a systematic cadence that adds velocity to benefit realisation.
We asked this papers consulting editor for a translation, but he was similarly puzzled and so turned to Twitter for help. One respondent mused it maybe had something…
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