Shell awards CEO van Beurden €24m pay package
Royal Dutch Shell CEO Ben van Beurden qualifies as a genuine FAT CAT.
According to an FT article published today, Royal Dutch Shell’s chief executive Ben van Beurden has been awarded a total of €24.2m for his work last year, despite the fact that Shell’s shares have under-performed in the past 12 months.
Extract from a related Dow Jones Report
For his first year as CEO of the Anglo-Dutch oil major in 2014, Mr. van Beurden received a salary of EUR1.4 million and a EUR3.3 million bonus. Despite a steep slide in oil prices over the past nine months, the company is proposing a 2.1% increase in the executive’s salary this year and a target bonus equal to 150% of the base salary.
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