A global investor backlash over executive pay escalated yesterday when shareholders turned on Royal Dutch Shell and voted against its executive pay plan.
Posts from ‘May, 2009’
Investors take aim after Shell takes them for granted
John Kerr wasn’t offered a final cigarette, but there was a moment yesterday when the former diplomat, chainsmoker and Royal Dutch Shell director looked to be facing the firing squad.
Tide of opinion turns against Shell
As Martin Simons, a British retail investor who spoke to the meeting in The Hague via video link from London, put it: “What really troubles me about the board is you have not had the nous to realise the general public concern about the behaviour of large companies. The gravy train has got to stop.”
Oil titan shaken by investor rebellion over pay
Daily Mail By SAM FLEMING Last updated at 12:15 AM on 20th May 2009 Royal Dutch Shell’s directors were yesterday shaken by an unprecedented and humiliating defeat at the hands of their shareholders. In the biggest City rebellion on record, 61 per cent of the oil titan’s investors either voted outright to reject Shell’s 2008 pay [...]
Royal Dutch Shells pay committee bears brunt of anger
Investors in Royal Dutch Shell rejected the companys executive pay plan yesterday and, in a resounding defeat for the oil groups board, called for the pay-setting committee to resign.
Jeremy Warner: Investors vent fury at Shell
Wednesday, 20 May 2009 Outlook With all the focus on the excesses of bankers, other corporations must have thought it possible to get away with big pay packages to senior executives largely unnoticed. Yesterday’s protest vote by shareholders in Royal Dutch Shell provides a timely reminder that executive excess remains an issue wherever it lurks. [...]
Shell investors attack its executives over pay
By Nick Clark Wednesday, 20 May 2009 Investors in Royal Dutch Shell turned on the oil company’s management yesterday, with almost 60 per cent voting against planned remuneration packages for executives. However, the group said it intended to award the payouts anyway. The board of directors faced angry shareholders at the group’s annual general meeting [...]
ALEX BRUMMER COMMENT: Standard riposte to greed
Daily Mail By ALEX BRUMMER Last updated at 11:39 PM on 19th May 2009 If Shell had thought that holding its annual meeting in the Hague would keep dissident shareholders away it will be bitterly disappointed. The blue-chip oil company suffered one of the most humiliating defeats over pay policy since shareholders forced GlaxoSmithKline into a [...]
Ken Saro-Wiwa: the day of truth?
It will send shockwaves through boardrooms if the predictions of the executed campaigner are proved right in a US court Kevin Smith guardian.co.uk, Tuesday 19 May 2009 19.00 BST As shareholders gather today in London and The Hague for Shell’s annual general meeting the board is facing difficult questions over the company’s environmental and human rights record [...]
Shell directors suffered a resounding defeat today…
Times Online May 19, 2009 Shell investors vote down directors’ pay deals Catherine Boyle, Robin Pagnamenta Directors of Shell suffered a resounding defeat today as shareholders revolted against their pay packages. There were gasps at the annual meeting when investors holding about 60 per cent of the shares in the company voted against the oil [...]
Royal Dutch Shell shareholders outraged at Remuneration Committee
Majority of Shell investors vote against pay plans Tue May 19, 2009 10:20am EDT * 59.42 pct of investors vote against pay report * Shareholders outraged at Remuneration Committee * Shell says to reflect carefully on advisory vote (Recasts with shareholders rejecting pay plan) By Catherine Hornby THE HAGUE, May 19 (Reuters) – Three fifths [...]
The gravy train has got to stop
Shareholders voted against approving the executive pay policies of Royal Dutch Shell on Tuesday, giving the energy company a clear signal it had not done enough to address remuneration concerns that dominated proceedings at its annual meeting for a second year.
Shell shareholders vote down board’s pay
Daily Telegraph: Royal Dutch Shell has had its remuneration package voted down after a fiery annual general meeting. By Graham Ruddick Published: 3:07PM BST 19 May 2009 The board of Royal Dutch Shell during a stockholders meeting in The Hague, with (L-R) CFO Peter Voser, CEO Jeroen van der Veer and Chairman of the [...]
Shell planning for long downturn
At the company’s annual meeting of shareholders, Van der Veer said he expected volatility in oil prices and downstream margins to continue.


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