Royal Dutch Shell Group .com Rotating Header Image

Posts on ‘February 17th, 2010’

Pay tide turns at Shell

Financial Times

By Robin Harding, Louise Lucas, and Paul Betts

Published: February 17 2010 00:12

Let them eat cake. Following last year’s shareholder revolt at Royal Dutch Shell, the oil major has recalibrated executive pay. Basic salaries will be frozen for 18 months, to January 2011.

Executives can put up to half their annual bonus into the plan, half of which in turn will be matched at varying levels by Shell if it ranks in the top three. If the oil group ranks first among its peers, executives will receive double those shares – in short, half their annual bonus again. The underpinning concept, meantime, of ranking against a small peer group – over time, everyone gets a look-in at the top – remains flawed. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Ryan’s madness and folly in Corrib row

Last November, something interesting happened. It turned out that the headbangers of the Erris peninsula, the “extremists” who have been blocking the completion of Shell’s Corrib Gas project, were neither crazy nor extreme. An Bord Pleanála wrote to Shell’s planners, rejecting the proposed route for half of the gas pipeline, in terms that largely vindicated the protesters.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell gets extra €80m to complete Corrib plan

The Independent

By Gordon Deegan

Wednesday February 17 2010

Shell Ireland has received a fresh €80m cash injection to finish works to allow gas to be taken from the Corrib gas field.

The boost to Shell E&P Ireland from its parent company is confirmed in documents lodged with the Companies’ Office.

The cash injection represents a 23pc increase in the company’s share capital to €424m.

A Shell spokesman yesterday confirmed the equity “is toward the operational expenses in relation to the ongoing development of the Corrib project”. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell overhauls executive pay in response to shareholder revolt

Daily Telegraph

Royal Dutch Shell has frozen the pay of its top executive directors and imposed new rules on bonuses, as it tries to appease investor anger over excessive remuneration.

By Rowena Mason, City Reporter (Energy)
Published: 9:11AM GMT 16 Feb 2010

Last year, Shell’s board suffered an embarrassing shareholder revolt over their pay packages, which awarded bonuses to executives who had failed to hit their targets.

Since then, the company has been consulting with major shareholders about more appropriate remuneration policies.

In a letter to investors , Hans Wijers, chairman of the remuneration committee, said the move would “better align remuneration policy with shareholder interests and long-term strategy”. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell freezes pay of top executives

guardian.co.uk home

• Shell responds to last May’s shareholder revolt over pay

• Salaries frozen until 2011, with pledge on bonuses and targets

Zoe Wood
Tuesday 16 February 2010 10.36 GMT

Shell has frozen salaries after a row with shareholders. Photograph: Leon Neal/AFP/Getty Images

Royal Dutch Shell has today bowed to pressure from major investors by announcing a major overhaul of executive pay. It will freeze the salaries of top directors and set new limits on bonuses.

The oil group has been in talks with major shareholders since the embarrassing revolt at last May’s annual meeting when 60% voted against a pay deal that included discretionary bonuses for top directors who had failed to hit targets. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell tries to appease investors with caps on pay

Times Online

The Times
February 17, 2010

Robin Pagnamenta and Robert Lindsay

Royal Dutch Shell said that it would freeze the salaries of its top directors and reform a generous bonus scheme as the oil giant moved to soothe shareholders’ anger over excessive boardroom pay before its annual meeting.

In a letter to investors, Hans Wijers, the new chairman of the Anglo-Dutch company’s remuneration committee, said that the changes were being made after extensive talks with shareholders, 60 per cent of whom voted down the executive pay plans at a stormy annual meeting last year. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
%d bloggers like this: