Another CEO Quits After Shareholders Balk At Huge Pay

AP
Aviva insurance CEO resign
Aviva insurance CEO resign

LONDON -- The chief executive of Aviva, Britain's largest insurer, has resigned following a shareholder revolt over executive pay, the company said Tuesday.

The company gave no explanation for the decision by Andrew Moss, who had been CEO since 2007, to step down a week after shareholders voted against the company's decisions on executive pay and bonuses.