DAVID GREENE, HOST: NPR's business news starts with a shareholder revolt.</s>DAVID GREENE, HOST: 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.
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.