Press Association
Furious investors are calling for Royal Dutch Shell bosses to hand back recent bonuses amid an escalating row over the oil giant’s pay awards, according to reports.
Shareholders are also said to be demanding the resignation of Sir Peter Job – the chairman of Shell’s remuneration committee and figure at the centre of the oil giant’s controversial decision to pay out big bonuses despite missing targets.
Shell suffered a humiliating defeat at its annual shareholder meeting last week when investors voted down its remuneration report in protest at the decision to side-step performance criteria under its long-term incentive plan (LTIP).
More than 59% of shareholders voted against the remuneration report, but Shell said it would only take the result into consideration, indicating that there would be no climb-down on its recent bonus payouts.
According to Shell’s annual report, chief executive Jeroen van der Veer, who received a total package worth £8.2 million in 2008, was awarded 77,518 shares – worth almost £1.3 million at current prices.
Now reports suggest institutional investors are calling for the head of Sir Peter, who waved through the payments, and for the board directors to return their windfalls.
A wider boardroom shake-up is also being urged as fears mount that Shell’s management line-up is becoming increasingly out of touch, according to The Sunday Times.
Shell was not immediately available for comment, but said after last week’s AGM vote that it would “reflect carefully” on the result and had “introduced additional performance measures for future awards”.
The Anglo-Dutch firm maintained that it had used its discretion under previously agreed rules when deciding on the bonuses.
Its incentive award targets are largely based on its performance against peers BP, US firms Chevron and ExxonMobil and France’s Total.
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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.
