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.
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.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements