The days of huge pay packages for CEOs running big global
businesses are under threat from leading shareholders, who some think are
beginning their own version of the Arab Spring, according to BusinessInsider.
On Tuesday, the boss of U.K.-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.
“After a decade during which executive pay spiraled higher
and higher, the patience of the people who actually own the world’s largest
companies — the shareholders — looks finally to have snapped,” said Lynn.“
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