Mar 14, 2006
LONDON (MarketWatch) — Royal Dutch Shell PLC's chief executive was paid the equivalent of $8.3 million in cash, benefits and shares in 2005, according to the company's annual report filed with the U.S. Securities and Exchange Commission. According to the filing, Jeroen van der Veer received the equivalent of $4.3 million in cash and benefits during 2005, including EUR1.9 million in bonuses. In 2004, he was paid $3.3 million.
Van der Veer, who became CEO in 2004 following a reserves scandal, was also awarded 145,199 shares in the Anglo-Dutch major in 2005, worth an estimated $3.9 million, the document says.
News of the award comes after Shell set a new record in annual U.K. corporate profits last month, announcing full-year net profit of $25.311 billion, on higher oil and natural gas prices.
In the same SEC filing, the company said damage to onshore pipelines from hurricanes in the U.S. Gulf of Mexico caused 3,900 tonnes of oil spills, the largest being at Nairn and Pilottown in Louisiana in September.
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SHELL PROPPED UP APARTHEID
ARTICLE: U.S. unions urge boycott of Shell to fight apartheid: 19 Jan 1986
ARTICLE: Shell, South Africa and Apartheid: 16 Oct 2012
ARTICLE: Shell propped up racist apartheid regime in South Africa: 24 Nov 2012
ARTICLE: The Neptune Strategy:Shell, propped up Apartheid in South Africa: 26 Nov 2012
ARTICLE: Shell accused of benefiting from South African apartheid-era land law: 21 March 2013
ARTICLE: THE CAMPAIGN TO END APARTHEID: 12 Dec 2013
RELEVANT PAGES FROM "A HISTORY OF ROYAL DUTCH SHELL, VOLUME 3, PUBLISHED IN 2007. PREPARED BY SHELL'S PAID HISTORIANS. DEALS WITH SHELL'S SUPPORT FOR APARTHEID
SHELL TOXIC BRANDS
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