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Cold wind rules don’t apply to Shell Fat Cat bonuses

Financial Times

Oil and gas chiefs win bonuses in spite of missing their targets

By Carola Hoyos, Chief Energy Correspondent

Published: November 30 2009 02:00 | Last updated: November 30 2009 02:00

Several oil and natural gas companies in the US and Europe boosted their chief executives’ remuneration last year, in spite of often missing performance targets or other measures of investor value, data collected by the Financial Times show.

In Europe, the Royal Dutch Shell board granted top management a bonus even though the company missed performance targets linked to the award.

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