Aviva Share Discussion Threads

[whatsup32] 16/12/2023 11:16

Out this morning. Reads superb .

Aviva board got one thing right was to hire AB

[roundtheworld] 16/12/2023 11:05

yump

You are spot on. Perpetuating victimhood is the worse thing any political party or individual can do as it perpetuates failure, hopelessness and an unhealthy excuse mentality. The Democrats have been doing this for years with the black community in the US. They endorse and even whip up the victimhood narrative with financial handouts and then wonder why nothing changes and in fact gets worse.

We can only highlight the policy mistakes and hope that brave politicians and individuals can change the narrative making all people believe in themselves and achieve good things.

[pj84] 16/12/2023 00:32

cjac in normal market conditions, I am sure you are right on higher interest rates being better for insurance companies.

I believe it was Benjamin Graham who initially said in the short term the market was a voting machine but in the long term a weighing machine and Warren Buffet is one of the best advocates of his investment philosophy.

And it was John Maynard Keynes who coined the phrase that markets can stay irrational longer than you can stay solvent.

I think it is clear to any of us invested in high quality dividend paying shares both in the insurance sector and the wider market that we have experienced what appears to have been an irrational market in the UK.

Ultimately any market is driven by buyers and sellers and if irrationally there have been more sellers of UK shares than buyers then the price of those shares will fall and hence lots of dividend yields have risen to abnormally high levels.

However, history also shows that in hindsight, these irrational periods are some of the best times to invest even though it can be difficult to see it at the time.

[fenners66] 15/12/2023 23:11

"MARTYRE
15 Dec '23 - 17:44 - 18283 of 18296
I have read her comments as nothing to do with hiring non white males."

She said "non-diverse" hires will be scrutinised and perhaps vetoed.

Define non-diverse in the world of Aviva ?

The papers believe that every "category" except white males is diverse....

What an experienced well paid major business leader should have been saying is
there is no room for any nepotism or overpromoted candidates in Aviva.
Any nepotism is going to be potentially vetoed.

But she did not - effectively she has said that diverse nepotism is not going to be
questioned.

As others have said picking a different element of society to do back to what she
perceives to have been done to others - is not the answer. It just establishes a
new set of "victims".

[yump] 15/12/2023 20:40

It appears that quite a few people just cannot grasp the idea that deliberately inverting a toxic or biased culture, still leaves it toxic, but with different content.

Whether you want to label that woke or not is irrelevant.

Its wrong, misguided, dangerous, stupid, ignorant and those people need to think properly about what causes conflict and wars.

And on a separate note, it will be ineffective because it turns people who want to be included, into people who have been included by rules rather than genuine cultural change.

Also as any clinical psychologist will confirm, a “victim” stance is one of the least treatable mental problems. Because those patients can attribute every bad thing to an external influence.

If I were black, I would certainly not be bringing my children up to think they are at a disadvantage or they are owed anything because of historical wrongs.

[spud] 15/12/2023 20:38

I'll let this debate run over the weekend, but come Monday we'll move on please. And Geck, moderate your language please. spud

[1tcm1] 15/12/2023 20:30

Gecko, you aver that your smallish group is in the majority. Just wait until the next General Election, mate...

[cjac39] 15/12/2023 20:25

gecko bit yawn now perhaps? weve identified that woking practices are annoying but do we need to bang on? and maybe each to their own? personally im more worried about biological engineering than climate change for eg but thats not for here

[1tcm1] 15/12/2023 20:19

RoundtheWorld. I think if you study carefully you will find that it is the hard-right that calls everybody who disagrees with their silliness "woke".

Therefore, as a middle-of-the-road non-left non-right English person I am proud to be WOKE.

[cjac39] 15/12/2023 20:03

PJ all good and thanks for reply. its only stemming from an intellectual curiosity of whether higher rates are good or bad. my instinct is high is better but i understand the argument that cashflows upgrade in value as ir lower. insurance cos are complicated and a gift that keeps giving.

[roundtheworld] 15/12/2023 19:50

mondex

Give it a rest. I was giving an opinion as to what it’s probably like for the hiring teams with AB poking her nose in with a clear agenda against more white males appointments. Any reasonable person knows the pressure that will create down the corporate line so please stop being an ar*e.

Itcm.

Bully for you. Sorry you get annoyed with a bit of push back. I believe I’m pretty middle of the road in politics and have noticed that anyone who disagrees with the Woke Left is immediately labelled the ‘far right’ or as you say ‘extremist right’. That ain’t true or fair.

We are the balanced, decent majority.

[1tcm1] 15/12/2023 19:27

I am one of the woke, moderate, majority in this great country of England. I am tired of this noisy minority bunch of right-wing extremists pushing their anti-woke hate ideology. It has nothing to do at all with Aviva, now a proven well-run shareholder-serving company.

[martyre] 15/12/2023 17:44

I have read her comments as nothing to do with hiring non white males.She is pushing for more females to be employed. This follows on from her comments on misogyny in financial services.From my perspective, having worked for 52 years in financial services, she is out of touch.In the last 20 years females have been appointed to senior roles, and a lot were appointed not on merit but their gender

[mondex] 15/12/2023 16:28

Round The World you say "she won’t have had to interfere many times to reject senior appointments as I suspect most if not all will suddenly have been non white male appointments. She will have achieved this by creating an environment of fear within hiring teams. To be fair, I’d like to see what the statistics actually are since her personal oversight vetting and veto rule was introduced. I think we all know the answer."

What an extraordinary remark to make. What knowledge do you have to say this?
FYI the Executive Committee comprises all white, 7 males & 6 females.

Stop expressing your prejudices. This is 2023 not 1923.

Joe Say "Go woke, go broke" really. Aviva is an excellent company & well run under AB. So if you want to sell, go ahead. I for one am staying to enjoy both income & growth.

[tornado12] 15/12/2023 14:44

I agree that AB has been heads & shoulders the best CEO for Aviva for many years and certainly since I started investing. In the end, she knows how to get the best out of this company and working tireless to reach it (as we will see by the stella FY results in Q1). The question about diversity is important, but as said in other posts, it must be aligned with the right competences and results. Having a clear non-descriminitive and respect policy is key for any company. I am firm hold with plan to add after divi payment day.. GLA

[joe say] 15/12/2023 14:26

I've reduced my holding (at a profit)

Go woke, go broke

[essentialinvestor] 15/12/2023 11:42

Best CEO of Aviva since lord knows when.. that's what matters.

[roundtheworld] 15/12/2023 11:05

I think most people want her to stay but we all need someone to have a quiet word with us from time to time to keep us on ‘the level’ and AB isn’t exempt from this.

We also all want the FTSE 100 to be more diverse but it must be on merit.

Dr Bio

You’re losing sight of the fact that she won’t have had to interfere many times to reject senior appointments as I suspect most if not all will suddenly have been non white male appointments. She will have achieved this by creating an environment of fear within hiring teams. To be fair, I’d like to see what the statistics actually are since her personal oversight vetting and veto rule was introduced. I think we all know the answer.