Should Aviva be broken up?
Tony Cornell looks at the case for a totally separate general insurance business
Companies that are quoted on the stock market are highly visible and there is an instant and updated view of how they are performing. Chief executives are judged on share price by existing and potential investors and it is the ultimate test of their performance in managing the business. Maximising shareholder value should be the driving force but it can often happen that this becomes secondary to the ego needs of the CEO who can spend investors’ cash with gay abandon irrespective of a long-term
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