Aviva CEO Got 9% Rise in 2011 Compensation as Shares Fell
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Aviva Plc, the U.K.’s second-biggest insurer, paid Chief Executive Officer Andrew Moss 9 percent more in 2011 than the previous year even as the stock fell.
Moss received 951,000 pounds ($1.5 million) in base salary, a 1.16 million-pound bonus in cash and stock, 480,000 pounds as part of a long-term incentive plan and 98,000 pounds in other benefits, the company said in its annual report today. The 2.69 million-pound total compares with 2.47 million pounds in 2010. Moss’s salary will rise 5 percent to 1 million pounds in April.