Royal Dutch Shell came under fire for offering executives retention bonuses, sometimes known as "pay for respiration", and HBOS drew criticism for increasing a short-term incentive scheme while reducing the hurdle rates for a long-term incentive scheme.
Retention Bonuses
Royal Dutch Shell came under fire for offering executives retention bonuses
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.
Executive pay revolt looms at HSBC
Shareholders have launched several revolts against bonus packages in recent weeks. Royal Dutch Shell and GlaxoSmithKline faced protests last week over high one-off retention bonuses. Meanwhile, the Financial Services Authority said it would take remuneration into consideration when assessing the risk faced by financial institutions.
Record £13 billion in City bonuses
Mervyn King, the Bank of England Governor, has criticised the City's bonus culture...
Retention bonuses
In the past week we have seen Royal Dutch Shell, the oil giant, face down a barrage of investor criticism over the award to three executives of one-off bonuses worth ¤1m (£797,000) to ensure they remain with the company.
Shell Retention Bonuses AGM Vote: “Together with those who abstained from the vote, a total of 49.5 percent didn’t support the bonuses.”
A total of 31.76 percent of voting shareholders rejected a plan to award Malcolm Brinded, Linda Cook and Peter Voser bonus payments of one million euros ($1.57 million), according to Shell's Web site. Together with those who abstained from the vote, a total of 49.5 percent didn't support the bonuses. The proposal would have been rejected if 50 percent plus one vote had opposed the bonuses.
Shell’s “Golden Handcuffs” Retention Bonuses: Former Shell Exec Paddy Briggs, calls for the resignation of Shell Director Sir Peter Job
Description of Shell non-executive director Peter Job at the Royal Dutch Shell Plc AGM: He bluffed and blundered to little effect and showed precious little understanding of the issues. There was absolutely no justification given for the scandalous "retention bonuses"...
Another shareholder rebellion against fat cat retention bonuses
The revolt comes a day after a fraction less than half of Royal Dutch Shell's shareholders declined to back a plan to pay one-off 1m (£800,000) retention bonuses to the three executives who are likely candidates to succeed the departing chief executive next year.
Paying for staying: Retention Bonuses
This week, Royal Dutch Shell forced through a proposal to pay bonuses to three executives just to stay in their jobs, even though investors holding almost half its voting shares failed to back the plan. Shell's scheme for the three frontrunners to become chief executive next year is a particularly unappealing example of the genre. There was not enough consultation with shareholders. This reflects badly on the board, whether it realised the hostility that might be provoked or was oblivious to it.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
