Are investors finally getting tough on executive pay?
Interesting to see international insurers and fund managers Aviva (they of the new name….) talking tough about executive pay, warning that there must be a moratorium on directors’pay rises, and criticising directors for paying ‘little more than lip service’ to employee pay and conditions. They also raise the spectre of excessive executive pensions, urging companies to compare the benefits available to directors and staff. They must have read the joint statement issued by the TUC and partners last week, and maybe our PensionsWatch report too!