Why would the issue of payment for loss of office even arise? Perhaps I am wrong but I am left with the impression that his early departure was by mutual consent and on the basis of no compensation for loss of office? In other words the board wanted him to leave early and he agreed?
By John Donovan
I was intrigued by the inclusion of the following statement by Shell in the Remuneration Disclosure for Peter Voser published earlier today:
“Payment for loss of office
No payment for loss of office is made or will be made to Peter Voser.”
Consequently I sent the following email to a source with Shell insider knowledge:
Wording seems odd to me?
Why would the issue of payment for loss of office even arise?
Perhaps I am wrong but I am left with the impression that his early departure was by mutual consent and on the basis of no compensation for loss of office?
We have received a report from a normally reliable insider source that David Lawrence (right), Executive Vice President Exploration for Royal Dutch Shell has been fired. Mr Lawrence has been closely involved in Shell’s Arctic debacle and may have been chosen as the fall guy. If confirmed, more information on the circumstances of his departure will follow when we receive it.
