The Independent: Overhaul of Shell costs pounds 67m in fees
Michael Harrison Business Editor
May 20, 2005
Investment banks and other professional advisers have picked up $115m (pounds 63m) in fees from the corporate restructuring of the oil giant Royal Dutch Shell.
Details of the cost of transforming the Anglo-Dutch group into a single company with a unified board and one chairman and chief executive are contained in listing particulars being sent to shareholders.
The bulk of the pounds 63m in fees has gone to Shell’s three investment bank advisers, Citigroup, Rothschild and ABN Amro. Its lawyers ” Slaughter & May in the UK, De Brauw in the Netherlands and Cravath in the US ” have also picked up large fees, as have its two auditors, KPMG and PriceWaterhouseCoopers.
The 470-page document also confirms that Shell’s executive management, led by chief executive Jeroen van der Veer, could share in a bonus pool worth pounds 17m a year if the company outperforms its rivals over the next three years. Mr van der Veer stands to collect pounds 5m alone on top of his annual salary of pounds 1m.
Total fees to non-executives this year will rise to pounds 970,000, including pounds 150,000 for the Dutch chairman Aad Jacobs. Other non-executives will each receive basic remuneration of pounds 70,000 but the deputy chairman and senior independent non-executive director will each get an additional pounds 30,000. Board members will be eligible for pounds 3,000 payments each time they take intercontinental flights to meetings.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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.
