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Breakingviews: Aviva's different shareholder spring

Monday, April 30, 2012 - 04:10

April 30 - The UK insurer is the latest company to review executive pay in response to investor pressure. Robert Cole argues this is as much about long-term underperformance as short term pay excess.

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It's a source Mark -- -- -- is breaking views on Monday at beaver shareholders joined in the shower spring. And why Europe would welcome high German wages Robert Cole is with me box please Credit Suisse are you have a piece on Friday yeah I'm -- -- -- this morning -- -- to get city the city it across yeah and in -- -- whoa what what's that not the point on Friday was class. The shareholders -- yeah what what. So what does -- mean different things yes so I think it the this story is is -- is different twist on this sort of on Ghana you show to spray and -- be conceived of -- to an extent that contagion spreading. In in broadly it could wipe this one slight different what we have I think we had settled the objecting to bankers. I think they objection really was like to school but bankers will. -- -- -- to not not I don't know image so you thought you don't know how that dominant threatening targeted. I'm trying known. You know that thing these rules shades of gripe but I think when they'll look at the banks and let's against the -- packages. They were really against the remuneration. Policies that was quite a lot of that been in a vigorous well. Type measures that. The big place which will. Try to change the policies going forward. But we think of them -- the piece here is subtly different because if there was actually some -- underlined shows discontent with the senior management's in the way they've been taking. The yes -- locked up in -- in -- but do you see the point yet slightly different centers -- that. Then too keen on -- Hamas well I'm indeed his in his seat -- cents no question how. How -- it would be to personalize it particularly on the cheap these activities that. -- -- -- music it's always gonna attract some of the -- but it I think it's about the performance of the business of the performance of the senior executive team. Not simply that there's there's an objection to the way these people who -- -- -- -- then this peace song German wages I'm -- that he's eat eat my towel union. Problem is gonna six autism and you say it actually is appropriate to update their contact everything. -- don't expect or if it. But it received -- -- -- were leveled it out and -- It but don't be too flippant about this. A bit of advice is this but the point -- when my cane. It could could is that it could qualities to be seen as. -- reducing the stresses within the -- Because it jump in wages rise and watch some lots. Then comparatively. The periphery which is trying to get its economy is going. There will have a better chance of being able to complete its assaults of life is alternative to devaluation. Outside outside a currency union another option would be for those peripheral countries by people who brings. To reduce that way -- as well -- special thing to do shut. Germany increase that way just how society affecting could reduce the the stresses I think you what do those sites and is but -- isn't a slower guys that I don't know -- -- and I and I when we were very well what we're very well -- -- of Colson. Whether this is a solution that actually does. To attend the yen any traction as it is quite another thing bombings was pointing out you know. It may be the European situation will resolve itself through a number of different small measures and perhaps if Germany has to swallow slightly -- wage increases that might put -- slightly less pressure on the periphery is. And taken together with a whole lot of other stuff perhaps that's the way out to the problem. Oh gosh I wish we ocean could get tired that go out of this -- so lonely guy but this might -- a little. -- -- -- -- That's it -- now I'm more from breaking news tonight US show Monday to Friday twelve cities and 1730 London time IMAX the throw was his license.

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Breakingviews: Aviva's different shareholder spring

Monday, April 30, 2012 - 04:10