The Association of British Insurers has in the past criticised the structure of executive pay packages, but for the first time has now criticised the size of such packages.
They emphasised the principle of paying for “sustainable long term value-creation”, and warned that shareholders will not tolerate departing executives who have performed poorly.
http://www.ft.com/cms/s/0/366ec3e0-e91d-11e0-9817-00144feab49a.html