From British weekly The Observer:
Investors call on head of pay committee to resign
* Richard Wachman
* Sunday 24 May 2009
The backlash against executive pay took a dramatic new turn this weekend when shareholder activists demanded that Royal Dutch Shell directors return their bonuses.
They also called for the resignation of Sir Peter Job, the former senior Reuters executive who chairs the energy multinational‘s remuneration committee.
The demands for bonuses to be given back echo the row over Sir Fred Goodwin’s pension, when MPs campaigned for the former RBS boss to return all or part of his £703,000-a-year award. He has refused to do so.
Shell was engulfed in controversy at its annual meeting in the Netherlands on Tuesday when 59% of shareholders opposed its remuneration report. Bonuses were paid to directors despite performance targets being missed.
Shell and Nigeria: here.
ExxonMobil continuing to fund climate sceptic [rather: denialist] groups, records show: here.
Chemical Safety Board Probes ExxonMobil Refinery Toxic Gas Leak: here.