Shell To Realize Its Workers" Price?

Понедельник, 1 ноября 2004 г.

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Anglo-Dutch oil giant Royal Dutch/Shell, which is to become unified, is understood to be considering sharply-increased performance-related bonus packages for leading directors such as new chief executive Jeroen van der Veer. The company, which announced it was to combine its parent companies after the reserves scandals, is rumored to be going to bring remuneration for its five executive directors in line with rivals such as BP. Shell refused to comment that. "We are not commenting, there is no guidance we can give on this," a Shell spokesman said. However, sources at the weekend suggested the group believes it can soothe any shareholder concerns on the enhanced pay packages by pointing out that there will be strict performance criteria for the bonuses to be triggered. No significant increases in the directors’ basic pay is expected. Last year van der Veer, as chairman of Royal Dutch, earned 1.13 million (£785,000). Shell has traditionally been considered as one of the lowest payers compared to its major peers.

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