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 remuneration committee.
It follows the revolt last week, which saw 60pc of investors vote down the company’s generous executive pay policy.
Shell antagonised investors by casually saying it would take the result Into consideration, indicating there would be no climb-down on its recent bonus pay-outs.
Chief executive Jeroen van der Veer, who received a package worth £8.2m in 2008, was awarded 77,518 shares – worth almost £1.3m at current prices.
*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.
