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Posts under ‘Shell AGM’

Two-tier market in executive pay

Financial Times By Brian Groom, Business and Employment Editor Published: February 21 2010 23:03 A two-tier market is emerging in executive pay in the UK’s largest listed companies, with those that have come strongly through the recession able to offer better remuneration than their rivals, according to new research. Royal Dutch Shell, ranked ninth in [...]

Shell overhauls executive pay in response to shareholder revolt

Daily Telegraph Royal Dutch Shell has frozen the pay of its top executive directors and imposed new rules on bonuses, as it tries to appease investor anger over excessive remuneration. By Rowena Mason, City Reporter (Energy) Published: 9:11AM GMT 16 Feb 2010 Last year, Shell’s board suffered an embarrassing shareholder revolt over their pay packages, [...]

Shell freezes pay of top executives

• Shell responds to last May’s shareholder revolt over pay • Salaries frozen until 2011, with pledge on bonuses and targets Zoe Wood Tuesday 16 February 2010 10.36 GMT Shell has frozen salaries after a row with shareholders. Photograph: Leon Neal/AFP/Getty Images Royal Dutch Shell has today bowed to pressure from major investors by announcing [...]

Shell tries to appease investors with caps on pay

The Times February 17, 2010 Robin Pagnamenta and Robert Lindsay Royal Dutch Shell said that it would freeze the salaries of its top directors and reform a generous bonus scheme as the oil giant moved to soothe shareholders’ anger over excessive boardroom pay before its annual meeting. In a letter to investors, Hans Wijers, the [...]

Shell Moves to Cut Executive Pay

THE WALL STREET JOURNAL FEBRUARY 16, 2010 By JAMES HERRON LONDON—Royal Dutch Shell PLC on Tuesday proposed changes to the way it pays its executive directors in an attempt to assuage concerns that led shareholders to reject its remuneration package last year. The proposals constitute a significant step toward greater pay restraint at one of [...]

Shell to curb pay, bonuses after investor revolt

REUTERS LONDON (Reuters) – Royal Dutch Shell Plc (RDSa.L) said it was overhauling its pay practices for top management, including a pay freeze for its chief executive, Peter Voser, and a limit on bonuses, after a shareholder revolt last year. The head of Shell’s remuneration committee said salaries for Voser and Chief Financial Officer Simon [...]

Royal Dutch Shell freezes pay of three senior directors

16.02.10 Shell today bowed to shareholder anger over its senior staff pay by announcing it was freezing the salaries of its three top directors this year. Chief executive Peter Voser and chief financial officer Simon Henry, whose salaries are 20 per cent lower than previous pay for their positions, will not get a rise until [...]

Shell has learnt executive pay lesson

Wijers says Shell has learnt pay lesson By Richard Milne and Michael Steen in Amsterdam Published: February 7 2010 23:07 Royal Dutch Shell, the oil company that suffered a humiliating defeat by shareholders on pay last year, made a mistake by under-estimating how fast the mood on executive salaries was changing, according to the new [...]

Shell Investors Seek Review of Oil-Sands Operations

BLOOMBERG By Fred Pals Jan. 19 (Bloomberg) — Royal Dutch Shell Plc, Europe’s second-largest oil company, faces shareholder scrutiny of the investment risks at its Canadian oil-sands projects as environmental groups object to development plans. A coalition of 142 shareholders have requested a review of the risks, in a resolution to be addressed at Shell’s [...]

BP Shines Among UK Oil Companies; Shell Suffers

The speed with which cost savings and efficiencies introduced in the program can filter through to Shell’s financial performance will determine whether the company can return to profit growth early in the first half of the year, or if that recovery will be delayed to the third or fourth quarter as some analysts fear.

SHELL TO SLASH COSTS WITH GIANT JOBS CULL

SHELL TO SLASH COSTS WITH GIANT JOBS CULL RESTRUCTURE: Peter Voser is going to restructure the company Thursday May 28,2009 By Andrew Johnson Royal Dutch Shell unveiled one of the most radical restructurings in its 119-year history yesterday in a move placing thousands of jobs at risk. Incoming chief executive Peter Voser is aiming to slash [...]

Shell shock as long-timer Cook is first to go in Voser cull

By SAM FLEMING Last updated at 11:53 PM on 26th May 2009 Going: Linda Cook will leave Shell after nearly 30 years working for the firm A management shakeup is looming at oil giant Royal Dutch Shell as anointed chief executive Peter Voser prepares to take the helm.  Shell yesterday announced the sudden departure of gas [...]

Shell restructuring puts 24,000 jobs at risk

Up to 24,000 jobs are at risk in Shell after the Anglo-Dutch oil group unveiled plans for a major restructuring.

The oil giant this morning revealed a shake-up in which its exploration and production, gas and power and oil sands units are to be merged into two new divisions.

Shell faces legal fight over alleged human rights abuse and pollution

Jeroen van der Veer’s tenure as chief executive ends amid outcry over bonuses, environmental record and human rights abuses

Shell gas chief exits after losing race for top job

Linda Cook, head of gas and power of Shell, the oil giant, will leave the company after missing out in the race to become chief executive and will forfeit a “loyalty” bonus of £800,000.