Insurer Aviva gave new UK chief executive Trevor Matthews a bonus of £45,000 last year for just one month of work.
Matthews, former chief of executive of Friends Provident, was paid the bonus as part of a £4.25m welcome package despite only joining the company on 1 December, writes the Telegraph. The disclosure was made in Aviva's annual report, released yesterday. In addition to the bonus, Matthews received £470,000 in cash and a conditional share award of £2.02m in order to buy him out of his contract with Friends. He was also awarded a £1.62m long-term share grant plus other benefits. Igal Mayer, head of Aviva's continental European business, was handed a series of lucrative allowances follo...
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