The boss of Shell has received a pay package of almost £20million for a year in which the oil price slumped and the group cut jobs in the UK. The figure is expected to spark a backlash from shareholders…
The oil major (up 25p at 1961p) admitted that the sum handed to Ben van Beurden was ‘unusually high’.
It makes him the second-highest paid boss in the FTSE 100 behind WPP’s Sir Martin Sorrell, who regularly faces protests from investors over his rewards.
The oil price, which has halved since last summer, is only considered where it affects Shell’s financial performance, while the company previously announced last year it could cut up to 250 jobs in Aberdeen.
Van Beurden received £4.5million in basic pay and bonus, with the largest chunk of his package – some £8.6million – coming from a top-up to his pension.
Another £6.4million was to settle a tax payment with the UK Government after van Beurden moved to the Netherlands following his promotion to the role of chief executive.
The figure, which is expected to spark a backlash from shareholders, comes only weeks after fellow explorer BG Group was embroiled in a major pay dispute with its investors.
The company, which is a former arm of British Gas, had wanted to pay its new chief executive, Norwegian Helge Lund, a £25million pay package that included £12.5million simply for joining the firm.
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.
