© 2024 254 North Front Street, Suite 300, Wilmington, NC 28401 | 910.343.1640
News Classical 91.3 Wilmington 92.7 Wilmington 96.7 Southport
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
CAPE FEAR MEMORIAL BRIDGE: Updates, resources, and context

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.