Voser receives double BP counterpart’s prize after success in north American gas and China expansion
Royal Dutch Shell chief executive Peter Voser received a €3.3m (£2.8m) cash bonus in 2012, a year in which the Anglo-Dutch oil group reported a fall in profits from $28.6bn to $27bn.
The bonus took his total salary package to €5.1m, down from €5.2m the previous year, although this is still more than double the $2.7m (£1.8m) package given to BP boss Bob Dudley last year. Dudley received no bonus as the company continues to deal with the consequences of the Gulf of Mexico oil spill.
Shell’s annual report released on Thursday also revealed that Malcolm Brinded, who left his post as exploration and production director in April, received a total payment of €3.4m including €2.5m of severance pay. On top of that, he received a €992,000 payment to compensate him on a loss on the sale of his property in the Netherlands. Shell bought the property from Brinded in November for €2.4m. Brinded also realised a €1.8m gain on exercising share options granted in 2004.
Shell’s fourth-quarter performance disappointed the City despite a 4.7% increase in dividend payments, while Voser admitted the economic outlook was “uncertain” in some of the company’s key markets.
Even so, he was awarded 195,393 shares – with a current value of three times his salary – as part of the company’s long-term incentive plan. During the year, some 91,000 shares under previous schemes were released to Voser with a value of €2.5m.
Explaining his bonus payment, the company said: “Peter Voser strongly led the strategy review and its implementation, including delivery of key projects following final investment decisions, which progressed well in all business units. He actively drove portfolio management leading to initiatives to further commercialise the north American gas position, and to deepen the China strategy.”
Shell, along with other oil companies, was cleared by the Office of Fair Trading of profiteering on the UK forecourts. Its exploration and production businesses continued to drive growth, but moving into environments such as the Arctic has proved controversial, and last month Shell said it was halting its 2013 drilling plans off Alaska after a series of failures. But it remains committed to drilling again at a later date.
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.
