Shell paid former chief executive £22m over two years
The Guardian online reports that Shell's former chief executive Peter Voser had been paid £22m over two years even though there was a profit warning soon after he left and his successor says the business had failed to perform as strongly as it should have done.
The 2013 annual report, published on Thursday 13th March, showed that Voser, who left at the turn of the year, received total remuneration of just over £7m in 2013 and almost £15m in 2012.
His basic salary was relatively modest by oil company standards, however, Voser made enormous gains through share awards and other performance-related bonuses. These were accumulated over a number of years but paid out in 2012 and 2013.
Ethical Consumer considered remuneration for directors or staff over £1m to be excessive.
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