Disputed details over ANZ CEO stepping down

ANZ Bank won't say whether its Chief executive David Hisco was forced to step down over a disagreement about his claim for personal expenses. The country's highest paid bank boss stepped down at the end of May citing ill health, but in a shock announcement yesterday, it was revealed there were concerns about his personal expenses dating back several years. In dispute is tens-of-thousands of dollars for chauffeur-driven cars and wine storage. Sir John Key, who chairs the ANZ board, told a press conference yesterday Mr Hisco does not accept the bank's position about his entitlement for the expenses, or its concerns about the way they've been accounted for over a nine-year period. Joining us now is Newsroom's business commentator Bernard Hickey.