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CEO Of British Insurer Aviva Resigns

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CEO Of British Insurer Aviva Resigns

Business

CEO Of British Insurer Aviva Resigns

CEO Of British Insurer Aviva Resigns

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  • <iframe src="https://www.npr.org/player/embed/152239713/152239790" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The resignation came after shareholder's rejected an $8 million pay package for Andrew Moss. Aviva is the fourth major British company in recent weeks to have executive pay rejected by shareholders.

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.

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