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Posts Tagged ‘Shell Fat Cats’

Peter Voser, the boss of Shell, got just over £10m

One of the standout features of the pay of boardroom bosses for 2011 is the number who seem to be at or near the £10m mark for their take-home packages.

For example, Peter Voser, the boss of Shell, got just over £10m while Marjorie Scardino, the chief executive of Pearson, received £9.6m.

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Toxic pay spotlight shifts beyond bank bosses

Whatever the measure, some question whether a CEO deserves the credit for the outcomes for which he or she is rewarded. Peter Voser, CEO of Royal Dutch Shell, Europe's largest company by market capitalization, enjoyed a doubling in his pay in 2011 to 11.7 million euros, largely thanks to a three-year bonus scheme linked to cashflow.

However, the rise in cashflow was tied to three giant projects sanctioned by Voser's predecessor, Jeroen van der Veer - who famously declared that he would not have performed any better or worse had he been paid more or less - and devised by van der Veer's predecessor, Phil Watts.

Cash flows and oil spills for Shell’s directors

The CEO of the Royal Dutch Shell oil company Peter Voser earned more than $16.3 million last year amid surging oil prices, though the company was responsible for more than 200 spills last year.

16 March 2012

The CEO of the Royal Dutch Shell oil company Peter Voser earned more than $16.3 million last year amid surging oil prices, though the company was responsible for more than 200 spills last year.

­His remuneration includes $7.11 million salary, bonus as well as a balance from the long-terms incentive scheme. The company revealed Voser’s pay in its annual report saying, though the payment has doubled compared to 2010. It was justified by Shell’s strong operating results and share-price performance in 2011. read more

Shell bosses cash in with shares plan sharing £54.5m between 19 senior staff

By Rob Davies

PUBLISHED: 22:18, 15 March 2012 | UPDATED: 22:18, 15 March 2012

Shell’s top brass doubled their money in 2011 as the firm’s performance triggered generous share awards under an incentive scheme that has since been scrapped.

Nineteen senior staff shared £54.5m compared to £26.9m last year, while they also picked up pension benefits worth a further £5.9m.

Chief executive Peter Voser pocketed a pay, bonus and shares package worth £10.12m, while director Malcolm Brinded earned £9.88m and finance director Simon Henry had to make do with £3.25m. read more

Pay of Shell chief more than doubles

FINANCIAL TIMES

By Sylvia Pfeifer March 15, 2012 6:00 pm

Peter Voser, chief executive of Royal Dutch Shell, Europe’s largest oil and gas company by market capitalisation, took home €11.7m last year, more than double his pay in the previous 12 months…

Shell also disclosed that Malcolm Brinded, who will step down as head of exploration and production in April, will receive a severance payment of €2.52m.

FULL FT ARTICLE

Copyright The Financial Times Limited 2012.

Shell CEO Voser’s Compensation More Than Doubles on Awards

By Fred Pals on March 15, 2012

Royal Dutch Shell Plc (RDSA) Chief Executive Officer Peter Voser’s compensation more than doubled to 11.7 million euros ($15.3 million) in 2011 from the previous year after long-term incentive bonuses and awards were vested.

Voser’s total compensation included 6.5 million euros in awards that form part of Shell’s long-term incentive awards and deferred bonus plan, it said in an annual report today. Voser, who got 5.5 million euros in total compensation in 2010, had a base salary of 1.55 million euros and a bonus of 3.5 million euros in 2011. The base salary will increase by 3.2 percent to 1.6 million euros this year, the report said. read more

Shell management see pay double to $86m

Directors and senior management at Anglo/Dutch oil giant Royal Dutch Shell saw their total pay ore than double in 2011 to $85.7m (£54.7m).

By , Assistant City Editor: 11:44AM GMT 15 Mar 2012

The company put the jump down to the “high performance gearing” in its remuneration package. Total pay jumped from $42.3m to $85.7m. On top of this senior management and directors saw their combined pension pots swell by $9.2m. According to the annual report the cash was shared between 19 individuals.

The company’s three top directors, chief executive Peter Voser, executive director Malcolm Brinded and finance director Simon Henry took home a combined $9.5m, slightly less than the previous year. read more

Shell’s Voser given pay rise of 62 per cent

The Independent

??By Sarah Arnott

Wednesday, 16 March 2011

Peter Voser, the chief executive of Shell, saw his earnings rocket by 62 per cent to $7.3m (£4.5m) last year.

The increase reflected his first full year in the top job, but the majority of it came from bonus payments after the oil giant beat its targets for cash flow, project delivery and gas production and safety, Shell’s annual report said.

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