|
|
01 Apr 2005
Jeroen van der Veer, the chief executive of Shell, received a £1m bonus last year despite the Dutch group's 2004 oil reserve replacement debacle, according to the US Securities and exchange commission.
Link: Reserve levels still a concern for Shell
The euro 1.35m bonus was revealed in an official filing with the SEC, which also uncovered that the oil giant put aside $12m (£6.4m) for legal costs to defend sacked board members such as Sir Philip Watts.
The SEC discovered that Van der Veer, who replaced Sir Philip, and whose basic salary is uro 1.28m, also received a deferred bonus in 2004 of euro 267,460 as well as an additional 150,000 stock options.
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment