Daily Telegraph
BP shareholders registered a protest over bonus payments at the annual shareholders’ meeting yesterday, with almost 38pc of votes cast against the oil group’s remuneration package. However, the motion was still approved.
Peter Sutherland, chairman, was also criticised for his role as a non-executive director of Royal Bank of Scotland, but he was re-elected, with 95.9pc of votes in favour.
Shareholders registered their protest against a 15pc discretionary bonus awarded to BP directors, despite the company’s performance not meeting to requirements of its bonus plan. The awards were made for the company’s “excellent operational performance”.
Bonus payments to BP directors are usually based on total shareholder return (TSR) compared with a peer group of “supermajors”.
Tony Hayward, chief executive, received bonus shares worth £336,000 for 2008, despite the company being at the bottom of its peer group in terms of TSR.
At the annul general meeting in London, Mr Sutherland tried to reassure investors concerned about a future cut in the company’s dividend. He said the company will continue pay-outs and maintain investment to ensure future growth.
However, Mr Sutherland also said that, with oil prices below $60 a barrel, it didn’t generate enough cash to pay dividends and invest for growth. The company plans to freeze its dividend this year and borrow money to make the payment until market conditions improve.
Mr Sutherland said that the hunt for his successor was “well advanced” and a new chairman would be in place before next year’s AGM.
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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.
