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.