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May 20th, 2009:

Shell: deep in the black stuff

John VidalPosted by Wednesday 20 May 2009 00.10 BST

Shell held a stormy annual meeting yesterday, but its problems are not confined to London. Next week, the company is on trial in New York, accused of complicity in human rights abuses – including the death of Ken Saro-Wiwa, a Nigerian environmental activist and author – and it also faces legal action in Holland over repeated oil spills. Meanwhile, fighting in the Niger delta is escalating, and the leading rebel group has declared all-out war on the company. Beleaguered Shell tried to pour oil on its troubled waters by saying that it has reduced its greenhouse emissions by all of 14% in 10 years. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell remuneration committee under pressure to step down

Daily Telegraph

Sir Peter Job and the remuneration committee at Royal Dutch Shell are facing calls to step down. 

By Graham Ruddick
Last Updated: 10:14PM BST 20 May 2009

The calls were made after the oil major became the UK’s most high-profile victim of a shareholder revolt.

In the latest sign of increasing activism among institutional shareholders and anger at what are deemed excessive payouts, 59.4pc of shareholders rejected Shell’s remuneration report at a fiery annual general meeting on Tuesday.

It is the second time that Sir Peter, the chair of the remuneration committee, has been involved in a major dispute over pay. He was on the remuneration committee at GlaxoSmithKline when its pay package was voted down in 2003. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Starts Talks With Shareholders on Executive Pay Rejection

Shell awarded 78,889 shares to Van der Veer worth about 1.34 million euros ($1.8 million) while Chief Executive Officer- designate Peter Voser got 39,656 shares under the same program. Shell paid out shares worth 4.2 million euros to its five directors, David Williams, a spokesman based in The Hague, said in a phone interview today.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Executive gravy train stalls

And what's slightly odd is that the non-executives on Shell's remuneration committee, the grandees who made the discretionary award to Shell's top execs, seem to have been unaware of the public mood.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

COLUMN-The Next incentive plan for Shell: Neil Collins

The unholy alliance between remuneration consultants, non-executive directors and company boards was dealt a bad blow this week, when the shareholders of Royal Dutch Shell (RDSa.L) voted against the company's executive pay rewards.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell to Sea criticises jailing of protester

Dublin Shell to Sea said today it was “utterly hypocritical” to prosecute local campaigners while allowing Shell to continue doing work for which it has no planning permission.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Parliament offers Shell’s oil men a lesson on the expense of overpaying

Drill into it and the parallels are uncanny. On his watch, Michael Martin allowed the rules to be bent so far that a slick of oleaginous MPs took a liberty with their expenses. Roll on to Shell and up pops Sir Peter Job in the Speaker's role, trying to defend the indefensible over boardroom pay.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Blog Posting: Once a greedy pig, always a greedy pig.

Posting by “Guest”

Once a greedy pig, always a greedy pig. The top of Shell (and this top is now broad and deep) knows no shame anymore. And you know: gorillas breed gorillas, so what will greedy pigs breed? Where are the days of van Wachem? Loyalty, professionalism, hard work and fair pay. And the norms were decency and honesty, the system corrected or weeded out the bad apples. Now it stimulates these bad apples.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell-shocked shareholders finally rebel over bonuses

The behaviour of Shell's remuneration committee was outrageous

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell Plc suffers a stunning rebuke at its AGM

THE WALL STREET JOURNAL

Shell Investors Revolt Over Executive Pay Plan

MAY 20, 2009

By GUY CHAZAN and JOANN S. LUBLIN

Royal Dutch Shell PLC, Europe’s largest oil company, suffered a stunning rebuke Tuesday when investors shot down its executive-compensation plan, in the latest display of shareholder anger over big paychecks and boardroom excesses amid the economic crisis.

[Shell Annual Meeting]Getty Images  

Royal Dutch Shell’s board is pictured during a shareholders meeting in The Hague, with (from left) Chief Financial Officer Peter Voser, Chief Executive Jeroen van der Veer and Chairman Jorma Ollilla. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Investors rebel over executive pay at Shell

A global investor backlash over executive pay escalated yesterday when shareholders turned on Royal Dutch Shell and voted against its executive pay plan.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Investors take aim after Shell takes them for granted

John Kerr wasn't offered a final cigarette, but there was a moment yesterday when the former diplomat, chainsmoker and Royal Dutch Shell director looked to be facing the firing squad.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Tide of opinion turns against Shell

As Martin Simons, a British retail investor who spoke to the meeting in The Hague via video link from London, put it: "What really troubles me about the board is you have not had the nous to realise the general public concern about the behaviour of large companies. The gravy train has got to stop."

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Oil titan shaken by investor rebellion over pay

Daily Mail

By SAM FLEMING
Last updated at 12:15 AM on 20th May 2009

Royal Dutch Shell’s directors were yesterday shaken by an unprecedented and humiliating defeat at the hands of their shareholders.

In the biggest City rebellion on record, 61 per cent of the oil titan’s investors either voted outright to reject Shell’s 2008 pay packages or withheld their votes.

A number of major institutional shareholders took the unusual step of attending the fractious Annual General Meeting to register their fury in person. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell’s pay committee bears brunt of anger

Investors in Royal Dutch Shell rejected the company’s executive pay plan yesterday and, in a resounding defeat for the oil group’s board, called for the pay-setting committee to resign.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Jeremy Warner: Investors vent fury at Shell

The Independent

Wednesday, 20 May 2009

Outlook 

With all the focus on the excesses of bankers, other corporations must have thought it possible to get away with big pay packages to senior executives largely unnoticed. Yesterday’s protest vote by shareholders in Royal Dutch Shell provides a timely reminder that executive excess remains an issue wherever it lurks. Shareholders have rightly given their board a bloody nose. It is outrageous that such sums should be paid for doing little more than riding the boom in oil prices while so many are being asked to make sacrifices. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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