Ex-Aviva Chief Moss Lobbied for Pay Rise, Sunday Telegraph Says
Aviva Plc (AV/)’s former chief executive officer Andrew Moss lobbied board members for a 9.5 percent pay increase just weeks before his resignation, the Sunday Telegraph reported, without saying where it obtained the information.
Moss, who resigned last week under pressure from shareholders unhappy with Aviva’s falling share price during his five years in charge, pressed board members to boost his basic salary to 1.05 million pounds ($1.69 million) from 960,000 pounds, the newspaper said.
Andrew Haste, the former RSA Insurance Group Plc chief executive officer seen by analysts as the favorite to replace Moss, has told friends that he wouldn’t be interested in the job, the newspaper said.
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