© 2024
NPR for Northern Colorado
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

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. Transcript provided by NPR, Copyright NPR.

Related Content
  • There's no question the economic recovery is going slowly. There's also no question that the gap between rich and poor Americans has grown wider than any time since the Great Depression. Analysts explore the links between income inequality and troubles in the overall economy.
  • The arguments for growth policies as opposed to austerity are taking center stage in Europe after the French and Greek elections. French President-elect Francois Hollande was voted in to a large extent because of his pro-growth, anti-austerity rhetoric, but he is not rejecting austerity altogether.