Bonuses trimmed for Westpac brass 13 November 2014 5:04PM Ian Rogers Most of the top managers at Westpac received a smaller short-term bonus in the year to September 2014.The cuts were slight, in the order of A$100,000 to $200,000 out of pay packages mostly in the $2 million to $4 million range.Those taking home a lower bonus were John Arthur, chief operating officer; Philip Coffey, deputy chief executive officer; Brad Cooper, CEO BT Financial; George Frazis, Chief Executive Officer, St George; Rob Whitfield, group executive, Westpac Institutional Bank and Greg Targett, the chief risk officer.CEO Gail Kelly, Brian Hartzer (chief executive, Australian Financial Services) and Jason Yetton (group executive, Westpac Retail & Business Banking) all earned marginally better bonuses than last year.Westpac will modify bonus arrangements next year. It said that "for 2015, we have reduced the proportion paid as cash to 50 per cent and increased the deferred STI proportion to 50 per cent of the outcome."