The news about ANZ’s CEO Shayne Elliott voluntarily forfeiting his $3 million bonus has sparked quite a discussion in business circles. It’s refreshing to see a top executive actually taking responsibility for their company’s performance, even if some skeptics suggest there might be more to the story.

Let’s be real here - when was the last time we saw an Australian corporate leader genuinely own up to their mistakes? Looking at you, Qantas and Telstra. The standard playbook usually involves blaming external factors, market conditions, or some other convenient scapegoat while pocketing massive bonuses regardless of performance.