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£10.1m is Shell of a pay packet for oil giant’s boss

By STEVE HAWKES, Business Editor Published: Today at 13:41

THE BOSS of SHELL trousered £10.1million last year – and didn’t spend a penny on petrol.

The oil giant’s annual report today revealed chief executive Peter Voser made a fortune in bonuses and long-term share awards.

Benefits included “company provided transport for home-to-office commuting”.

It came as a government-commissioned report said there are nearly EIGHT MILLION Brits in “fuel poverty”.

Shell made huge profits of £18billion – or £2million an hour – last year as oil prices soared to near record levels.

On average Shell filling stations are more expensive than supermarket forecourts. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

HSBC fined £10.5m for ripping off OAPs

Mon, 05 Dec 2011

By STEVE HAWKES, Business Editor

BANKING giant HSBC faces a nearly £40million bill after being found guilty of ripping off almost 2,500 pensioners.

The City regulator today said elderly customers who were mis-sold products were more likely to DIE than benefit from their investment bonds.

The Financial Services Authority fined HSBC £10.5million — its biggest ever retail fine.

It also said the bank was set to pay £29.3million in compensation.

FULL ARTICLE

RELATED

The 10 biggest Financial Services Authority fines

HSBC has been handed a £10,5m fine, but it is not the biggest financial slap on the wrist handed down by the FSA.

£33,320,000 JPMorgan Securities Ltd
Failing to protect client money by segregating it appropriately.

£17,500,000 Goldman Sachs International
For weaknesses in controls resulting in failure to provide FSA with appropriate information read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

SHELL’S PROFITS HIT £49m A DAY

By STEVE HAWKES, Business Editor: Friday 28 October 2011

*£12.5bn cash in the bank

*90,000 staff around the world

*3m output in millions of barrels a day

SOARING oil and gas prices have sent profits surging to £49million a day at SHELL.

The energy giant made a whopping £4.5billion over the three months to October — DOUBLE the same period a year ago.

Yesterday’s figures come as drivers are being forced off the road by soaring petrol prices as the cost of oil hits record highs.

AA chiefs claim a quarter of motorists are cutting back.

AA president Edmund King said motorists “will not be pleased” to see oil giants making a killing.

But he insisted many now blame the Chancellor more than oil companies for the huge prices they pay at the pump. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.