In the money: chief executive Peter Voser
Big bonuses back at Shell as it declares 12% output jump
Lucy Tobin
15 Mar 2011
Just two years after Shell faced one of the biggest rebellions ever seen over pay at a FTSE 100 company, the oil major today rewarded chief executive Peter Voser with a 19% increase in his pay packet.
Last year, the oil giant froze its executive pay-outs in response to investors in 2009 voting down its plans to award millions of pounds of shares to bosses despite missing performance targets.
Today, however, in its annual report, Shell said that last year Voser was rewarded with a 19% jump in remuneration, with his 1.5 million (£1.3 million) salary being supplemented with a 3.75 million bonus. That took his total pay to 5.25 million, up from 4.4 million the previous year.