CEO Of British Insurer Aviva Resigns
DAVID GREENE, HOST:
NPR's business news starts with a shareholder revolt.
(SOUNDBITE OF MUSIC)
GREENE: The British insurance company Aviva announced Tuesday that their CEO has resigned. This came after shareholders rejected Andrew Moss' $8 million pay package. The shareholders cited discrepancies between executive pay and corporate performance. Company shares have dropped by a third over the past year. Aviva is the fourth major British company in recent weeks to have executive pay rejected by shareholders.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.