THE HERALD
Shell chief to receive compensation for loss of office
28 Oct 2022
THE outgoing chief executive of oil and gas giant Shell is to receive a year’s salary by way of compensation for loss of office.
Ben van Beurden will receive £1.42 million when he steps down at the end of this year, which is to be paid in six instalments. Shell said outstanding payments will be reduced by 50 per cent if he secures a paid position, excluding non-executive directorships, in that time.
The company also said that Mr van Beurden will continue to receive his base salary until the end June next year. The London-listed Anglo-Dutch energy giant said that a pro-rated annual bonus in relation to performance year 2023 will be determined by Shell’s remuneration committee after June next year.
Shell said the 2021 and 2022 long term incentive awards will be reduced to reflect the portion of the performance period that has elapsed to June next year.
It added that no new long term incentive award will be made for 2023. In terms of pension, Mr van Beurden will continue to receive his pension cash allowance until June next year.
His Dutch pension will commence payment at age 68, unless Mr van Beurden chooses to take early retirement, as permitted under the Dutch pension rules.
Medical insurance benefits will continue until June 2023, and benefit provisions will apply in respect of tax return assistance and security provision, Shell said.
Mr van Beurden has worked for Shell since 1983and has been chief executive since 2014. He is to be succeeded by Wael Sawan, the company’s head of integrated gas, renewables and energy solutions.
Shares in Shell closed at 2,418.5p, dipping 0.27%, or 6.5p.
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.
