Posted by WSJ.com Staff
Unlike his peer, BP CEO John Browne, Royal Dutch Shell chief Jeroen van der Veer got a raise last year.
Van der Veer was paid 3.69 million euros (about $4.9 million) last year, up from 3.48 million euros in 2005,according to Shell’s annual report, filed yesterday. His pay was close to that of Lord Browne — but that CEO has taken pay cuts two years running, as his company deals with safety issues and a host of other problems.
Van der Veer, in contrast, oversaw a record annual profit in 2006 and a fourth-quarter gain of oil and gas production, long a sore spot for Shell. His 2006 compensation included a 2-million-euro bonus, a car allowance and transportation between his home and office. One assumes said car and transportation run on gasoline.
– Mark Gongloff
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Comments
Jeroen van der Veer is so desperate to secure hydrocarbon reserves after one third of Shell’s reserves vanished in the 2004 scandal, with more lost as a result of Shell’s Sakhalin2 humiliation in Russia, that Shell is now flouting all moral and ethical considerations by entering into a business relationship with the Iranian government. This is despite the fact that the Iranians are supplying roadside bombs which are killing American and British soldiers.
Posted by John Donovan, co-owner of the website www.royaldutchshellplc.com
Comment by John Donovan – March 15, 2007 at 4:37 am
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.