Aviva shareholders voted down the proposals on executive pay. http://www.bbc.co.uk/news/business-17938865 No doubt these executives will make good their threats and leave the company in protest? One can only wish.
Please note this quote from further down the article: "Shareholder votes on pay are only advisory, so while the defeat is embarrassing for the company it is not binding." In other words, they can carry on taking the [censored] and be sure that nothing will be done.
Seems like a number of Civil servants are also on the ball by forming a private company and not paying the amount of tax the rest of us pay. It appears that once you reach a certain pay grade or position in the government or private firm a whole range of tax dodges and perks are open to you.
What I want to know with these arrangements is why they've not been caught under the IR35 tax rules.. Oh, I forget, It's only the contractors that get caught by these rules, not the people employing them!!!
