BBC News: Ex-Shell chief gets £1m pay-off
25 June 04
Former Shell chairman Sir Philip Watts who stood down after the firm’s oil reserves estimates were dramatically cut has received a £1m ($1.8m) pay-off. Shareholders were highly critical of Sir Philip who headed exploration and production at the time when most of the reserves in question were booked.
Sir Philip was not awarded a performance-related annual bonus for 2003 or 2004, Shell said.
The sum was based on his wage until his June 2005 retirement date.
‘Loss of confidence’
He will also receive a pension of £584,070 per year under the firm’s pension scheme, which he made payments into over the past 35 years.
Shell said in March that Sir Philip had resigned after the board called for “a change of leadership due to a loss of confidence”.
He had originally refused to step down after the firm cut its reserves estimates by 20% sending shares floundering, saying he would focus on fixing problems Shell faced.
He was one of three top executives to resign following the crisis.
He was replaced by Jeroen van der Veer, boss of the company’s Dutch arm.
http://news.bbc.co.uk/2/hi/business/3839679.stm
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
