With certain ironic overtures I post the following......
Shell Faces Shareholder Rebellion Over Executive Pay
Miles Costello | May 06, 2009
ROYAL Dutch Shell, the Anglo-Dutch oil and gas group, is facing a shareholder rebellion after it allocated tens of thousands of shares to executive directors despite missing a key performance target.
In a rare public statement, Standard Life Investments, a top-ten shareholder, signalled that it would be voting against the discretionary payments at Shell's annual meeting this month.
Guy Jubb, head of corporate governance at Standard Life, said: “As a matter of principle, we don't support rewarding executives for achieving unchallenging performance conditions.
Full article here -
http://www.theaustralian.news.com.au/business/story/0,28124,25436920-36418,00.html
agm and options , page-43
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