Outrage is felt not just by the general public but by fellow business leaders. Jorma Ollila, chairman of Nokia and Royal Dutch Shell, said: "It doesn't help any of us when we have such public instances of excess and even wrongdoing."
Jorma Ollila
Sharp divide in public opinion on bonus culture
Jorma Ollila tribute
Mr. Ollila demonstrates his pragmatism defending Shells recent decision to stop investing in wind and solar energy and focus generally on biofuels as its approach to climate change measures.
Groups ‘risk repeating recession errors’
Jorma Ollila, chairman of Nokia and Royal Dutch Shell, said: "Let's not cut human capital so it hurts us when we get out of this in two or three years. What I see and what I hear is a clear conscientiousness on this issue. But there is a danger that this recession could distract people from the reality."
Jorma Ollila: Champion of Nordic capitalism
Mr Ollila demonstrates his unflappable side when asked how Shell's recent decision to stop investing in wind and solar energy and only focus on biofuels plays to its values of trying to address climate change. "It is a business portfolio decision, above all. Not everyone can be a jack of all trades. It is more about pragmatism," he says.
Wow! said Ollila
The dispute ended in victory for the Russian side. Shell and its partners in Sakhalin Energy sold their controlling interest in the venture to the Russian state-owned energy company Gazprom, and are now minority shareholders.
Clock ticks in BP race to pick chairman
BP, having searched for a new chairman for 18 months, BP now has to find one in as many weeks.
Jorma Ollila speaks out
Jorma Ollila, the head of the European Round Table of Industrialists and chairman of Nokia and Royal Dutch Shell, told the Financial Times that large, healthy companies were deeply concerned about whether their suppliers could get credit.
Shell chiefs early challenges
Malcolm Brinded, the head of exploration and production, is skilled at dealing with governments, but was tarnished by Shells repeated writedowns of its reserves in the aftermath of the misreporting scandal that emerged in 2004.
Finance officer Peter Voser takes command at Royal Dutch Shell
The Anglo-Dutch group said that the appointment of Mr Voser came after a review of both internal and external candidates. He saw off two other Shell candidates: Linda Cook, the American head of Shell's Gas and Power business, and Malcolm Brinded, the British head of exploration and production.
ANALYSIS: A break with tradition at Royal Dutch Shell
Like its peers, Shell has been spending with gay abandon but at $60 per barrel much of the industry's new frontier has fallen below the water line. A new round of cost-cutting must be in the offing and who better to impose financial discipline in a downturn?
Shell Picks New CEO For Difficult Times
Voser was already one of the potential candidates back in 2007, when van der Veer announced his retirement, but there had been some hope that the head of North America, Linda Cook, would be announced as the company's first female CEO.
Statement by Shell Media: Peter Voser to be next Chief Executive of Royal Dutch Shell plc
The Board of Royal Dutch Shell plc today announced that Peter Voser will succeed Jeroen van der Veer as Chief Executive, effective 1 July 2009. Voser (50) is Chief Financial Officer and a Director of the Board since October 2004.
Shell Chairman Jorma Ollila Resigns as a Director of Ford Motor Co
Mr. Ollila, 58 years old, is both the chairman of Nokia Corp. as well as the Royal Dutch Shell Plc. At Ford, he served on the board's audit, nominating and governance committees.
Jorma Ollila, Chairman of Nokia and Royal Dutch Shell, receives aggregate remuneration of EUR 1,125,000
In fact, Shells compensation to Ollila was up 75 per cent from the previous year, as in 2006 his earnings as the chairman of Shell were only EUR 430,000.
Bilderberg, Shadow Super-government: ROYAL DUTCH SHELL CONNECTIONS
Royal Dutch Shell Plc board members Jeroen van der Veer and Jorma Ollila, and Queen Beatrix of the Netherlands - a long term major shareholder in Royal Dutch Shell - are all members of this sinister super secret group and all three have attended the infamous secret meetings.
Next Shell CEO likely internal hire – chairman
Malcolm Brinded, head of Shell's core exploration and production (E&P) unit, is tipped by many as a likely successor at the world's second-largest non-government-controlled oil and gas company by market value.