Last week, 59% of Shell’s shareholders voted down its directors’ pay packages a huge rise from the 15 or 20% that might come out against a particularly obscene pay deal just a couple of years ago.
Posts under ‘Shell AGM’
Shell revolt heats up
Daily Mail City & Finance Monday 25 May 2009 Page 60 SHAREHOLDER activists Co-operative Asset Management and PIRC have turned up the heat on directors of oil giant Royal Dutch Shell, writes Geoff Foster. They want them to hand back their bonuses and are calling for the head of Sir Peter Job, who chairs the [...]
Backlash from investors over Shell bonuses set to intensify
Shareholders vow to fight on to prevent payouts By Sean OGrady Monday, 25 May 2009 Angry investors are demanding that Shell pays back millions of pounds of bonuses set to be awarded to the oil giants most senior executives payments in defiance of a vote at the companys annual meeting last week. Over the [...]
Investors angry over Shell bonuses
Now reports suggest institutional investors are calling for the head of Sir Peter, who waved through the payments, and for the board directors to return their windfalls.
Shareholders revolt belatedly over excessive executive salaries and bonuses
Last week, oil giant Royal Dutch Shell experienced a humiliating defeat when 60 per cent of voters refused to accept its remuneration report at the annual shareholder meeting.
Angry shareholders ambush the top pay bandwagon
Its managing director, Alan MacDougall, says that if Shell, for instance, fails to put its house in order, ministers will need to “rewrite the corporate governance rulebook” and make majority shareholder votes at annual meetings binding on management.
Shell board told to pay back bonuses
The backlash against executive pay took a dramatic new turn this weekend when shareholder activists demanded that Royal Dutch Shell directors return their bonuses.
They also called for the resignation of Sir Peter Job, the former senior Reuters executive who chairs the energy multinational’s remuneration committee.
Battle of the bonuses targets a $100m boss
Jubb last week held Sir Peter Job, head of Shell’s remuneration committee, to account over a decision to agree bonuses for top bosses, even though Shell had fallen short of its targets
Wave of pay rows is an urgent wake-up call
Daily Telegraph By Mark Kleinman Last Updated: 9:35PM BST 23 May 2009 As if boardroom recruiters werent already finding it difficult enough to land their catches, this years round of investor pay rows looks certain to add another category to the list of City pariahs: the chairmen of remuneration committees. He may not boast the [...]
Shell bonus rebels want Job to go
The Sunday Times May 24, 2009 Remuneration chairman under fire after bosses cash in despite poor performance Danny Fortson ANGRY investors in Royal Dutch Shell are this weekend calling for the head of Sir Peter Job, the director at the centre of last weeks embarrassing pay revolt at the oil group. Shareholders think the removal [...]
Shell can be sure of pumping up volume of investor anger
The Times May 23, 2009 Patrick Hosking Institutional investors have a new bonus quandary to wrestle with: Sir Martin Sorrell’s proposed package of up to $95million is eye-catching for all the wrong reasons. But first they need to draw a line under the separate pay row at Shell. To recap, the board overrode the formula [...]
Big shot: Investors left to wonder whether Sir Peter Job is man for the Job
But Sir Peter blundered into the minefield again as chairman of the remuneration committee at Royal Dutch Shell, which decided that performance targets previously set should be ignored and that some of the money should be paid regardless.
Corporate barons must share the pain of the peasants
Published: May 22 2009 03:00 | Last updated: May 22 2009 03:00 From Mr Peter Taylor. Sir, Your report on the Shell shareholders rebellion (May 20) signals, I hope, a long overdue re-alignment between shareholders and management. Since similar revolts have shaken RBS, BP, Heineken and others, the corporate balance of power is surely shifting from the [...]
Executive pay at Royal Dutch Shell: Muck, brass and spleen
An oil giants shareholders flex their muscles May 21st 2009 From The Economist print edition MOST firms annual general meetings (AGMs) owe more to North Korea than ancient Greece. By long-standing tradition, bosses make platitudinous speeches, listen to lone dissidents with the air of psychiatric nurses towards patients and wait for their own proposals to be rubber-stamped [...]
The origins of Shell’s communications failures
I have posted on YouTube (follow link below) a video which students of Shell’s descent to a position where their management is now held in derision and contempt not just by activists but also by the business world and by the community at large will I hope find useful. It dates back to 1996/7 when [...]


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