Bonus awarded to outgoing chief executive Peter Voser prompts 8% of shareholders to vote against remuneration policy
Bumper £8m pay package for Shell boss Peter Voser (Daily Mail Article)
Shell suffered an embarrassing 10% shareholder rebellion against its executive pay report on Tuesday.
Almost 8% of the investor base voted against the company’s remuneration policy, which handed its outgoing chief executive Peter Voser a €3.3m (£2.8m) cash bonus in a year when profits dropped by $1.6bn (£1.05bn) to $27bn.
A further 2% of investors abstained from the vote at Shell’s annual meeting in The Hague.
The bonus took Voser’s total salary package to €5.1m, down from €5.2m the previous year, although this is still more than double the $2.7m 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.
At the meeting, Voser refused to comment on the European commission investigation into claims oil companies have been rigging the price of oil and petrol for more than a decade.
Voser, who announced plans to stand down as chief executive earlier this month after less than four years in the job, said it would be “inappropriate to speculate about the outcome” of the European-wide investigation.
But he said Shell is committed “to achieve the highest standard of corporate behaviour”.
Shell’s offices in London and the Netherlands were subjected to dawn raids by European commission regulators investigating allegations big oil companies have “colluded” to manipulate oil and petrol prices since 2002.
The offices of BP, Norwegian oil company Statoil and oil price reporting agency Platts were also raided last week. The European commission has also written to oil traders and other players in the industry to explain how the $3.4tn global crude market works.
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.
