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.
Posts Tagged ‘Shell AGM’
Shell revolt heats up
Daily Mail City & Finance Monday 25 May 2009 Page 60 SHAREHOLDER activists Co-operative Asset Management and PIRC have turned up the heat on directors of oil giant Royal Dutch Shell, writes Geoff Foster. They want them to hand back their bonuses and are calling for the head of Sir Peter Job, who chairs the [...]
Investors angry over Shell bonuses
Now reports suggest institutional investors are calling for the head of Sir Peter, who waved through the payments, and for the board directors to return their windfalls.
Shareholders revolt belatedly over excessive executive salaries and bonuses
Last week, oil giant Royal Dutch Shell experienced a humiliating defeat when 60 per cent of voters refused to accept its remuneration report at the annual shareholder meeting.
Shell can be sure of pumping up volume of investor anger
The Times May 23, 2009 Patrick Hosking Institutional investors have a new bonus quandary to wrestle with: Sir Martin Sorrell’s proposed package of up to $95million is eye-catching for all the wrong reasons. But first they need to draw a line under the separate pay row at Shell. To recap, the board overrode the formula [...]
Big shot: Investors left to wonder whether Sir Peter Job is man for the Job
But Sir Peter blundered into the minefield again as chairman of the remuneration committee at Royal Dutch Shell, which decided that performance targets previously set should be ignored and that some of the money should be paid regardless.
Corporate barons must share the pain of the peasants
Published: May 22 2009 03:00 | Last updated: May 22 2009 03:00 From Mr Peter Taylor. Sir, Your report on the Shell shareholders rebellion (May 20) signals, I hope, a long overdue re-alignment between shareholders and management. Since similar revolts have shaken RBS, BP, Heineken and others, the corporate balance of power is surely shifting from the [...]
COLUMN-The Next incentive plan for Shell: Neil Collins
The unholy alliance between remuneration consultants, non-executive directors and company boards was dealt a bad blow this week, when the shareholders of Royal Dutch Shell (RDSa.L) voted against the company’s executive pay rewards.
Royal Dutch Shell Plc suffers a stunning rebuke at its AGM
THE WALL STREET JOURNAL Shell Investors Revolt Over Executive Pay Plan MAY 20, 2009 By GUY CHAZAN and JOANN S. LUBLIN Royal Dutch Shell PLC, Europe’s largest oil company, suffered a stunning rebuke Tuesday when investors shot down its executive-compensation plan, in the latest display of shareholder anger over big paychecks and boardroom excesses amid the economic crisis. Getty [...]
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.
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 [...]
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 [...]


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