LONDON – Royal Dutch Shell PLC (RDSB.LN) shareholders showed their ire over high executive pay with nearly 10% of investors rejecting the company’s remuneration report at Shell’s annual general meeting Tuesday.
Just over 90% of Shell shareholders approved the company’s pay package following an assembly in which several investors gave a withering assessment of current rates of executive remuneration.
Martin Simons, who said he has been a Shell shareholder for 50 years, bemoaned the Anglo-Dutch firm’s top managers getting a 59% pay rise at a time when dividends have remained static. Chief Executive Peter Voser’s pay package more than doubled last year, taking into account bonuses and share incentives.
“Pay inflation in these times isn’t appropriate. Companies should pay higher dividends instead,” said Simons.
Copyright © 2012 Dow Jones Newswires
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.
