British insurer Aviva said on Tuesday that chief executive Andrew Moss had stepped down with immediate effect, after more than half of its shareholders voted last week against executive pay awards."Aviva plc announces that Andrew Moss, chief executive officer, will be leaving the group and will cease to be chief executive with immediate effect," it said in a statement.Aviva said its incoming chairman John McFarlane would assume executive duties with immediate effect, tasked with helping to find a new chief executive officer (CEO).
A few days ago, to the surprise of many, the European Parliament voted through substantial curbs on banker pay, limiting bonuses to twice the annual salary (we have yet to see the list of pre-existing loopholes, which we are confident will be wide enough for Arnold's hummer to pass through).
Bored of all this austerity talk? Then take a load off - talk about fairer taxes for a day instead. That seems to be the thinking behind the Liberal Democrats' tax plans, released today.
The party has a long-established fondness for Robin Hood. When it comes to open commitments to squeeze the rich, they've been in front of Labour since at least 2001.