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AAP
AAP
Business
Rachel Jackson

Bank hit with first strike as shareholders push back

Macquarie Group has faced backlash over executive pay at its annual meeting. (Dan Himbrechts/AAP PHOTOS)

Australia's largest investment bank has been delivered its first strike as shareholders make known their dissatisfaction with the board's decisions on executive pay.

The outcome was revealed after Macquarie Bank's annual general meeting on Thursday where 25.43 per cent of investors voted against the adoption of the firm's remuneration report, just surpassing the required 25 per cent for a strike.

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