Tuesday, 8 May 2012

Failing fat cat directors should be denied their cream

Andrew Moss
I'm heartened by the latest outbreak of shareholder power.
Today's resignation of Andrew Moss, chief executive of the Aviva insurance group, looks a blow for investors everywhere challenging the reward-for-failure ethos that permeates the Square Mile.
There have been similar stirrings elsewhere in the City and abroad, which suggests Aviva isn't a special case.
It's time for David Cameron to make shareholder votes legally enforceable in the Queen's Speech - giving teeth to what until now have been toothless AGM and EGM protests.

1 comment:

  1. Absolutely correct GC. This is another example of the hedonism of unfettered, deregulated capitalism.

    ReplyDelete

What do you think? GC