CEO 'Pay Racket' Sparks Investor Insurrection
May 09, 2012 at 05:16 AM EDT
The days of huge pay packages for CEO's running big global businesses are under threat from leading shareholders, whom some think are beginning their own version of the Arab Spring. On Tuesday, the boss of UK-listed insurer Aviva resigned after shareholders rejected his pay deal. Andrew Moss resigned and still got a golden goodbye, and a number of other bosses have come under pressure at global giants like AstraZeneca, WPP and Rio Tinto.