Wijers says Shell has learnt pay lesson
By Richard Milne and Michael Steen in Amsterdam
Published: February 7 2010 23:07
Royal Dutch Shell, the oil company that suffered a humiliating defeat by shareholders on pay last year, made a mistake by under-estimating how fast the mood on executive salaries was changing, according to the new head of its remuneration committee.
In his first comments in his new role, Hans Wijers, chief executive of paint company Akzo Nobel and a former Dutch economics minister, said the Anglo-Dutch oil major had failed to see how tensions over bankers pay had increased investors concerns about executive pay.
The force of the rebellion left Shell directors shocked in spite of a previous revolt against pay the year before. Jorma Ollila, chairman, vowed not to make the same mistake again and to reform its pay policy.
Copyright The Financial Times Limited 2010.
FULL FT ARTICLE (SUBSCRIPTION)
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.
