Jillian Ambrose: 21 MAY 2016 • 7:47PM
Shell executives are braced for a shareholder backlash this week after influential retail advisor ShareSoc joined the growing rebellion against its multi-million pound executive pay.
The UK’s largest individual investor group will urge its 4,000 members to follow the lead of major Shell investor Royal London Asset Management and proxy institutional advisors in opposing Shell’s rising pay packet for boss Ben Van Beurden.
Mr Van Beurden is in line for a salary of £1.4m, a bonus of £3.5m, and a pension of £441,000 for 2015, despite reporting its steepest losses in 13 years and a planned job cull of 10,000. He has also received shares worth £9.7m, which vest in three years if he meets key performance targets.
Roger Lawson, deputy chairman of ShareSoc, slammed the pay for being “too high” and the proportion of pay from bonuses as “particularly excessive”.
- Shell hints at further North Sea job cuts as profits plunge
- Shell’s profits plunge 80pc amid oil price slump
Institutional proxy advisors Pensions & Investment Research Consultants (Pirc), and Glass Lewis have both urged shareholders to vote against the pay.
The only group to publicly support Shell’s pay is Institutional Shareholder Services, another major shareholder advisory.
A Shell spokesman said its executive compensation “reflects delivery of our strategy, measured by both short-term and long-term targets. There is a clear alignment between the company’s performance and our compensation policies.”
Shell’s Tuesday AGM is set to be the latest revolt in this year’s Shareholder Spring, after BP shareholders voted against boss Bob Dudley’s £14m pay.
Mr Dudley’s total pay package is 20pc higher than his 2014 payout despite the group reporting record losses of $5.2bn last year compared to a $8.1bn profit in 2014.
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.
