Global Investing

UPDATE: Well sprung?

May 29, 2012

(This May 25 post has been updated to reflect AGMs which took place on Friday and to include graphics)

Pay vote wrinkles

May 8, 2012

We don’t know the full story around Andrew Moss’ departure from Aviva on the back of a hefty protest vote from investors over his pay deal. It may well be that major shareholders made it very clear behind closed doors that they expected to see him go, with the vote acting as a public demonstration that they were serious about private demands. Perhaps the board found the advisory vote to be useful lever to remove an underperformer who had brought some troublesome baggage to the role.